Mr. Market was pretty upset about the employment report. Or should we say, the UNemployment report. For a ‘recovering’ economy – sounds like a mind-altering substance problem, doesn’t it? – the jobless rate is stubbornly stuck on 8.2%.
Gold was up above $1610 for a few thrilling moments this week, but closed at $1582.40 per ounce. Silver didn’t do any better, at $27.10 per ounce, though both closed down 0.57% for the day. Crude oil, too, closing at $84.12 /bbl., down 0.54%. Inflation hedge anyone?
Dynegy Files for Bankruptcy in Final Blow to Shareholders This article should probably be in our series on basics of investing, but it also belongs here. Yet another reason for Mr. Market to be depressed. Oh well. It’s not as if the shareholders weren’t warned. This company’s travails, like Eastman Kodak’s, have been in the news for months.
So, here’s our Model Portfolio Index, still beating the DJI, which was down 0.96% today, but still down for the day: