16.05.2013 - Stocks ignore the dayís data; commodities canít
The spring swoon may not hit the stock market this year Ė nothing, it seems, can hit the stock market this year Ė but itís visible in the real world. Three data points this morning, as well as Europeís ongoing morass, show that all is not well outside Wall Street. The news has hit the commodities complex, gold fell under the $1,400 mark, as investors extrapolated the lower demand for commodities implied by the reports. The dollarís rise of late hasnít helped matters (as commodities are priced in dollars). The stock market seems to have shaken it all off rather quickly ó the Dowís up 61 points as of this writing ó which given the marketís mindset these days, isnít terribly surprising...........................................Full Article: Source
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