{"id":519466,"date":"2010-04-07T16:03:00","date_gmt":"2010-04-07T20:03:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/5-closing-bell-2010-4"},"modified":"2010-04-07T16:03:00","modified_gmt":"2010-04-07T20:03:00","slug":"closing-bell-heres-what-you-need-to-know-about-todays-ugly-market","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/519466","title":{"rendered":"Closing Bell: Here&#8217;s What You Need To Know About Today&#8217;s Ugly Market"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4acba68a000000000087513d-250-187\/germanbeergirljpg.jpg\" border=\"0\" alt=\"germanbeergirl.jpg\" width=\"250\" height=\"187\" \/><\/p>\n<p>Here&#8217;s what you need to know as you leave work today:<\/p>\n<ul>\n<li><strong>Weak February consumer credit numbers sent the markets into a tailspin as Fed data showed a <a href=\"http:\/\/www.businessinsider.com\/the-market-is-tanking-on-the-weak-consumer-credit-number-2010-4\">5.5% month-over-month decline<\/a>. <br \/><\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>Short term Greek credit rates are getting hammered as private investors have begun to pull out of the economy<\/strong>. <a href=\"http:\/\/www.businessinsider.com\/forget-long-term-bands-greek-short-term-rates-have-exploded-and-thats-a-far-more-imminent-problem-2010-4\">6-month Greek debt bills now yield 6.60<\/a>, and have a 313 bps spread against the German bund.<\/li>\n<\/ul>\n<ul>\n<li><strong>Today&#8217;s treasury auction resulted in lower than 4% yields, a positive for markets<\/strong>. We believe this is a sign of a <a href=\"http:\/\/www.businessinsider.com\/10yr-treasury-auction-2010-4\">flight to safety<\/a> away from what is now perceived as risky European debt.<\/li>\n<\/ul>\n<ul>\n<li><strong>Alan Greenspan <a href=\"http:\/\/www.businessinsider.com\/henry-blodget-greenspan-humiliates-himself-again-2010-4\">humiliated<\/a> himself testifying before the  Financial Crisis Inquiry Commission, refusing to apologize or acknowledge his mistakes<\/strong>. <a href=\"http:\/\/www.businessinsider.com\/jim-grant-alan-greenspan-2010-4\">Jim Grant<\/a> complained that Greenspan was never willing to acknowledge those who were right and, &#8220;just wanted to be liked.&#8221;<\/li>\n<\/ul>\n<ul>\n<li><strong>Ben Bernanke has outlined the aging population as the biggest threat to U.S. economic growth<\/strong>. This points out the fact that the <a href=\"http:\/\/www.businessinsider.com\/ben-bernanke-were-screwed-unless-we-can-find-a-solution-to-the-fact-that-people-are-getting-older-every-year-2010-4\">civilian employment ratio<\/a> is likely to continue to decline.<\/li>\n<\/ul>\n<ul>\n<li><strong>The DJIA (.60%), S&amp;P 500 (.49%), and NASDAQ (.20%) are all down at close<\/strong>.<\/li>\n<\/ul>\n<ul>\n<li><strong>Crude oil, natural gas, and heating oil have all fallen off over 1% as a result of the negative consumer credit data, which implies lower demand<\/strong>.<\/li>\n<\/ul>\n<ul>\n<li><strong>Gold has shown a sharp gain of 1.3%. The U.S. dollar is slightly up against the euro and pound, and slightly down against the yen<\/strong>.<\/li>\n<\/ul>\n<ul>\n<li><strong>AIG is up 10.53% today<\/strong>.<\/li>\n<\/ul>\n<ul>\n<\/ul>\n<p><a href=\"http:\/\/www.businessinsider.com\/5-closing-bell-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/CSEblBnKpZE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what you need to know as you leave work today: Weak February consumer credit numbers sent the markets into a tailspin as Fed data showed a 5.5% month-over-month decline. Short term Greek credit rates are getting hammered as private investors have begun to pull out of the economy. 6-month Greek debt bills now yield [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-519466","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=519466"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519466\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=519466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=519466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=519466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}