It’s getting a little hairy into the close.Gold is getting totally poleaxed, down $96/z.
The S&P is off 0.6%, after being close to flat earlier.
It’s hard to say what the real “reason” is, though the popular idea is that this could have something to do with the expectation or the realisation that QE isn’t imminent. We have no idea if that’s actually the case.
Quick stat: The worst day of the year so far has been a down day of 0.69% on the S&P 500.
Hang in there.