Friday, April 4, 2014

News And Events - Summary

Another quiet day across the globe. Nothing major from Ukraine. Venezuela is still in turmoil, but nothing major happened today. Syria and Turkey traded artillery fire (seems to be in fashion lately), and the civil war in Syria continues, but nothing major happened today. South Korea tests some missiles and Japan authorizes it's defense forces to shoot down any North Korean missile that comes it's direction. North Korea threatens the destruction of the U.S. naval fleet. Finally, the U.S. warns China not to attempt any "Crimean" style annexation in Asia (did we not say that to Russia?).

Meanwhile, the U.S. stock market sells off led by the NASDAQ and all the "digital age" stocks. Gold and silver had a very good day and oil went up as well. The March employment numbers were released and it was not a bad report. There was nothing major other than the sell off in stocks that happened today. What will stocks do on Monday and next week? Is this a peak in the market, or is it catching it's breath to start another rally?

In any event, it was another day in the calm before the storm, but clouds seem to be building on the horizon.

What do you think?