Fear Slowly Recedes

Monday, stocks lost 0.7% in Asia, gained 0.7% in Europe, and lost 1.8% in the U.S. on massive volume. The VXO moved up 9% to close at 44.15. The 10-Year U.S. Treasury bond yield fell 4% to close at 0.63. Precious metals miners rose 3%. Apple closed below 280 while IBM ended above 120.

Tuesday, stocks fell 2.0% in Asia, 3.4% in Europe, and 2.7% in the U.S. on massive volume. The VXO climbed 11% to close at 48.99. The 10-Year U.S. Treasury bond yield fell 9% to close at 0.57. The S&P 500 close below 2800. Apple closed below 270 while IBM ended the day below the 120 benchmark.

Wednesday, stocks climbed 0.6% in Asia, and 1.9% in Europe and the U.S. on very high volume. The VXO fell 11% to close at 43.51. The 10-Year U.S. Treasury bond yield gained 8% to close at 0.62. Precious metals gained 1% and their miners moved up six times that amount. Apple closed above 270.

Thursday, stocks gained 0.3% in Asia, 0.9% in Europe but just slightly in the U.S. on extremely high volume. The 10-Year U.S. Treasury bond yield fell 2% to close at 0.61. Precious metals and their miners gained 2%. IBM ended the day above the 120 benchmark.

Friday, stocks fell 0.5% in Asia and 1.1% in Europe but gained 0.9% in the U.S. on extremely high volume. The VXO fell 13% to close at 35.93. The 10-Year U.S. Treasury bond yield fell 2% to close at 0.60. The S&P 500 Index closed back above 2800, and Apple closed above the 280 benchmark.

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