Gold is back above $1300 to 1,312,00. Silver is up +0,69€ to $19,68. Crude oil (brent) is trading at $108,61, while Copper is down -0,37% to 305,85. Not any big moves for the commodities so far today.
Japan`s Nikkei Index is down -0,19% to 14,458. ASX 200, Shanghai and Sensex 30 is all up, while Hang Seng is down -0,28%. European stocks are declining on Chinese Manufacturing Report today.That report indicate a further deterioration of growth into the second quarter.
The rising tension in Ukraine is adding to investors reduced risk appetite. The confrontation between Ukrainian forces and pro-Russian separatists intensified over the weekend. According to Roubini, Ukraine could tip Europe back to recession.
Momentum stocks are declining but other stocks are rising. Go find the right stocks and protect yourself. It`s all about getting in the right thing at the right time. It is a dangerous market, so you have to know what to do right now.
The only time in history we have seen stimulus like now is in the 30`s, when Roosvelt expanded the federal government to stave off the great depression in 1937. Roosvelt took away the stimulus and the investors didn`t like that much.
The same thing happened in 2000. The same argument was made that while Tech was in a bubble, but the rest of the market was not. They didn`t care. Many of the tech companies was real bubbles in 2000, but now many of them are making serious money.
That`s why it is difficult to compare the tech stocks and the possible bubble we have now and back in 2000. Anyway: it is time to be cautious. It is very dangerous out there and may of the stock are too expensive.
Reports today:
10:00 a.m EST ISM Non-Manufacturing PMI
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