Stocks Down on Spailout News (Again)
Stocks fell hard this morning and are trying to recover as the market processes the news that Spain is out of money. At this point who really cares but the Bears are out in full force preying on volatility and fear of a market collapse. The iPath S&P 500 VIX ST Futures ETN (VXX) is up 8% today and is the weapon of choice for traders.
If you haven't lost interest already the market is down because Spain sucks. The euro has once again hit bottom and Spain needs money fast. Spain is the 4th member of the EU that needs a quick loan or 'Spailout'.
Investors sold off assets viewed as riskier and fled to the perceived safety of U.S., British and German government debt and the U.S. dollar as the concerns about economic growth and the plight of Spain drove investment decisions.
The winning trade for the next 15 minutes is the VXX, here's a look:
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Weekend Reading: Trump - The Best (Or Worst) Of Times | ZeroHedge
- Violence Breaks Out In Washington D.C. As Protesters Clash With Police | ZeroHedge
- Pound Plunges After UK Retail Sales Crash Most Since 2011 | ZeroHedge
- The Epidemic Of Bad Ideas | ZeroHedge
- Fake News About "Love" For Obamacare? | ZeroHedge
- "We Are Transferring Power Back To The People" - Trump's Full Inaugural Speech | ZeroHedge
- Runaway Credit Card Debt Makes 2017 Look Like 2007 | Financial Sense
The most relevant financial news and articles from the Internets
- A look inside The Boston Consulting Group's stunning New York office, which... | Business Insider
- How to use Meitu — the Chinese selfie-enhancing app that the Internet is... | Business Insider
- What you need to know on Wall Street right now | Business Insider
- These are hands down the most comfortable dress shoes you’ll ever... | Business Insider
- What it's like to plan an inauguration, according to people... | Business Insider
- President Obama made one of history's greatest stock market... | Business Insider
- What happened to virtual reality? (FB, GOOG) | Business Insider