Financials Falter While Commodities Attempt To Bounce: SPX, Nasdaq, GS, BAC, WM, WB, AAPL, LDK, STP, SPWR, CSIQ
Posted on August 12, 2008 at 21:15 PM EDT
from MyHappyTrading.com by HappyTrading The overall market was weak today, pressured by the financials once again. This morning, JPM disclosed widening losses in it mortgage portfolio. Both GS and BAC were down more than 6% WB tumbled 12.14% while WM dropped 9.28%. Gold fell under $810/ounce today, but, bounced back to about $815. The mining stocks closed [...]