For the fifth straight day, the S&P 500 fell again, by 0.4%. The Stoxx Europe 600 Index also dropped to a seven-week low. Gold and silver fell more than one percent. However, government bond rates rose in the United States, Germany, the United Kingdom and Spain, and the euro rose against most other major currencies. Markets were reacting to positive U.S. economic news about employment, leading to fears of tapering, and European Central Bank President Mario Draghi’s admission that the euro zone may be approaching a prolonged period of inflation.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: