Friday, June 19, 2009

Stock Market on A Quadruple Witching Day

Today is a quadruple witching day, a day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire. It happens every quarter, in March, June, September, and December.

The market looks confused as ever today. Something doesn't feel right.

Downs:
  • U.S. dollar
  • Oil
  • Silver
  • Agricultural commodities
  • Dow Jones Industrial Average
  • S&P 500
  • Olin (maker of Winchester)
Ups:
  • Gold
  • Nasdaq
  • Smith and Wesson
  • US Treasuries
News like this doesn't help, either. U.S. Military Set to Intercept North Korean Ship Suspected of Proliferating Missiles, Nukes (6/19/09 FOX news)

Dow just took a small tumble (2:15 PM EST), now down -50 to 8,504.

4 comments:

  1. Hi! I posted a comment on one of your old blogs...about Il Stravino Armonico. I lOVE these guys! How can I get in touch with your friend so I can ask him for permission to use one of their recorded songs ( I purchased the CD in Munich) on a video for a children's book I'm working on? Giving them credit for the music of course!

    Help! Can you have your friend email me? mdcf1@comcast.net

    ReplyDelete
  2. Thanks for listing all the commodities that have gone down and those that have increased. I think is a good data that you have displayed here, I think I can use it for my benefit.

    UK Trading

    ReplyDelete
  3. mdcf1, sorry I didn't catch your comment sooner. I sent your comment and email address to him. Hope he answers. Good luck with your project!

    ReplyDelete
  4. I like your article and it really gives an outstanding idea that is very helpful for all the people on web.

    ReplyDelete