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Global Meltdown: Investors Are Dumping Nearly Everything

Posted By admin On September 22, 2011 @ 9:52 am In Featured Stories | Comments Disabled

Patti Domm
CNBC [1]
Thursday, September 22, 2011

With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasurys.

Treasury yields, as a result, slipped to historic lows with the 10-year yielding 1.75 percent and the 30-year at 2.86 percent.

The dollar was also a beneficiary of a massive fear trade that sent U.S. stocks sharply lower, on the heels of steep sell-offs in equities markets around the globe.

The worst performing stock market sectors mirrored the sell-off in global commodities markets, with materials down 4.6 percent and energy stocks down 4.1 percent.

Full story here.


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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/44626413

[2] Investors Remain on Edge Amid Recession Worries: http://www.prisonplanet.com/investors-remain-on-edge-amid-recession-worries.html

[3] Investors gird for post-recession inflation: http://www.prisonplanet.com/investors-gird-for-post-recession-inflation.html

[4] Gold Usurps Dollar As Safe Haven for Worried Investors: http://www.prisonplanet.com/gold-usurps-dollar-as-safe-haven-for-worried-investors.html

[5] Niall Ferguson: The Dollar Is Finished And The Chinese Are Dumping It: http://www.prisonplanet.com/niall-ferguson-the-dollar-is-finished-and-the-chinese-are-dumping-it.html

[6] Stocks Sharply Lower on EU Fears, Led by Techs: http://www.prisonplanet.com/stocks-sharply-lower-on-eu-fears-led-by-techs.html

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