It is near mid-day in U.S. trading, and stocks are considerably weaker once again, as it was announced over the weekend that the government needed to invest another $30 billion in AIG. U.S. stocks opened lower, and are trading at their lows on the session, down about 25 points on the S&P 500 to around 710. The Dollar is rallying strongly as a result of the global meltdown, particularly against the British Pound. Commodities are getting pounded in mid-day trading, with crude oil down about 10% on the session.
As I mentioned yesterday, I started a new daily newsletter covering the best stocks to daytrade. You can find out more information at the link below!
Scott Cole
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