The stock market indices plunged at the opening on lower pre-market futures, but then they immediately reversed after reaching the session lows at 2095 on the Nasdaq 100 and 1178 S&P 500.
This weekend, US Treasury Secretary Geithner proposed to the world's finance ministers that they cap their current account surpluses at a fixed percentage of GDP. How would that work? Why do it at all? What’s the point?
The Shanghai Composite Index rocketed to new post-July highs today, which should continue to benefit names likes Arch Coal (ACI), Walter Energy (WLT), and Freeport-McMoRan Copper & Gold (FCX).
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