- Small-Cap Growth -.62%
- 1) Gold & Silver -3.52% 2) Steel -1.51% 3) Airlines -.77%
- CIE, RFIL, NJ, DPM, DRTX, PBR, IMKTA, SHLO, ECOL, FONR, MMM, CVG, DEST, BWP, RNF, XL, NHI, LH, ENOC, MYGN, MEOH, COH, MTSC, GIII, OPEN and RNF
- 1) XME 2) CTSH 3) BX 4) KRE 5) FLR
- 1) GRPN 2) TRLA 3) OPEN 4) MMM 5) PBR
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Bull market turns to bear market. On Monday December 2, 2013, liberalism's greatest ever fiat wealth rally came to an end, as bond vigilantes called the Interest Rate on the US Ten Year Note, ^TNX, to 2.80%. Riskless investing, that came through the money printing operations of the US Federal Reserve and other world central banks, finally came to an end on the death of fiat money, that is as Credit, AGG, and Major World Currencies, such as the Australian Dollar, FXA, and Emerging Market Currencies, CEW, such as the Brazilian Real, BZF, continued lower in value.
Overall, Nation Investment, EFA, -0.8, World Stocks, VT, -0.7, Global Financial Institutions, IXG, -0.5. The greatest of all risk assets, that being Small Cap Pure Growth, RZG, -2.0, such as ROLL, and JBT. Liberalism’s credit trade investment and currency carry trade investing that generated moral hazard based fiat wealth prosperity is over, through finished and done; thereby putting an end to liberalism as both an age and a paradigm. Of note Large Cap Growth, JKE, global industrial automation and machine tool manufacturer, Rockwell Automation, ROK, traded parabolically lower.
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