Live Charts
Sign of the times ~~ Senator Joseph Lieberman will propose that large institutional investors, including index funds, be banned from buying commodities, according to the New York Times. The hearing will be held June 24th. Not clear what this would cover: would it ban Commodity Index investing? ETFs? I presume not, but in this environment, we will have to wait for clarification.
http://www.cnbc.com//id/25116622
Massive downsize ~ 2 decades old bubble burst
Market update: Stocks jump on better-than-expected retail sales in May. But rebounding crude oil has trimmed gains. Anheuser-Busch jumps 5% after Belgian brewer InBev offers $46 billion for the brewer. Lehman ousts 2 top executives.
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