Friday, April 07, 2006

Bonds fall on employment report

A strong employment report is usually bad news for the bond market. Oldtimers might remember PBS host Louis Rukeyseyer's term "ghouls" of the bond market, because economic pain for others was good news for bond bulls. TLT is an ETF for long term treasuries. Chart looks like hell.

Research in Motion RIMM is lower on earnings and guidance.

Gold retreating from $600, while silver holds above $12. Silver stocks, however, are lower.

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