It looks like a start of a bad week

I was on holidays last week. It was a good week.
Steve and Mai was a blast to spend time with.
We did not get a lot of sleep but it was a good few days off to reenergize.
The market looks very unsure this morning.
We might be heading toward a down slop again.
I just hope that we don’t slide further.
Maybe it’s not a bad time to load up on
“C”, “CEMJQ”, “F”, “DOW”


- NEW YORK (AP) -- Investors' rising fears about consumer spending is turning stocks into a risky investment again. Stocks plunged and Treasury prices soared Monday as investors around the world feared that consumers are too anxious to lift the economy into recovery. The losses on stock exchanges extended the heavy selling that began Friday with a disappointing reading on consumer confidence. And bond investors, once again searching for a safe investment, bought heavily into Treasuries’. The Dow Jones industrials fell 165 points, while overseas, the Shanghai stock market tumbled almost 6 percent and the major indexes in Europe fell more than 1.5 percent.

- NEW YORK (Reuters) - Oil fell over 3 percent to below $66 a barrel on Monday, its lowest this month, as investors became more cautious about the pace of global economic recovery and a potential revival in energy demand. U.S. equities fell broadly, pressured by persistent concern for the global economy, with data from Japan, the third largest oil consumer, showing that economic recovery may be shaky. (^N - News)
U.S. crude oil futures for September fell $2.14 to $65.37 a barrel by 11:19 a.m. EDT, after earlier hitting $65.23, the lowest since July 31. Brent crude for October lost $2.17 to $69.27.

- WASHINGTON (AP) -- Foreign demand for long-term U.S. financial assets rebounded in June even though China and Russia trimmed their holdings. The Treasury Department said Monday that foreigners purchased $90.7 billion more in long-term U.S. securities than they sold in June. That's a significant rebound from May when they sold $19.4 billion more than they purchased. "There is little evidence in recent (Treasury) reports to suggest that foreign investors are growing weary of buying U.S. securities," Jay Bryson, a global economist at Wells Fargo Securities, wrote in a note to clients. The increased appetite for Treasury securities was partly because their yields rose in early June, he added.

- Legendary investor Jim Rogers says he can't wait for the International Monetary Fund to sell some of its gold holdings. Should that cause the price of gold to dip, Rogers says he will buy some more. In fact, Rogers says he buys gold whenever he thinks about it. "If it goes down I'll buy some more, and if it goes up I'll buy some more," Rogers said in a CNBC interview. "I periodically buy some gold. I don't have a method to it. I just buy it." The IMF is the world's third largest owner of gold reserves. The number-one holder of gold is the United States, followed by Deutsche Bundesbank.

- TOKYO (AP) -- Japan's economy climbed out of yearlong recession in the second quarter, the government said Monday, expanding 3.7 percent at an annual pace and joining Germany, France and other regions that appear to be emerging from the global financial crisis. But economists and politicians sounded cautious, noting that the main driver of growth was exports and that domestic consumer spending remained fragile amid plunging incomes and rising unemployment. The recovery in the April-June quarter was driven by robust demand for cars, video recorders and other electronics goods, according to government data. Shipments to China and other emerging markets were particularly strong, although exports to the U.S. and Europe also showed modest recoveries. Exports grew 6.3 percent from the previous quarter, the highest rate in seven years.