It's The Economy Stupid: We Are The World

We are the world, we are the children…

 

Okay, so the “Super” (misnomer) committee of congress couldn’t come up with a sane and measured deficit reduction plan, so the U.S. is gonna get automatic deficit reduction.  We are going to have austerity forced on us.  Sort of like Europe.  How has that worked for them???

 

Doesn’t look like the market thinks much of it.

 

Description	Ticker	Last	CHANGE	% Chg Today	Pct Chg 1Yr
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	11507.730	-288.4300	-2.4451	2.7461
S&P 500 Index	SPX Index	1187.320	-28.3300	-2.3304	-1.0302
NASDAQ Composite Index	CCMP Index	2509.730	-62.7700	-2.4400	-0.2975
Russell 3000 Index	RAY Index	702.330	-16.7500	-2.3294	-1.3720
Russell 2000 Index (Small)	RTY Index	700.620	-18.8000	-2.6132	-3.2746
S&P 400 Mid Cap Index	MID Index	839.290	-21.7500	-2.5260	-1.2854
S&P 600 Small Cap Index	SML Index	391.550	-8.3100	-2.0782	1.9448
TREASURIES	% Yield
3 Month Treasury	0.0051		#N/A N/A	#N/A N/A
6 Month Treasury	0.0458		0.0050	14.2857
2 Year Treasury	0.2742	99.953	0.0078	0.0078
5 Year Treasury	0.8882	100.531	0.1563	0.1557
10 Year Treasury	1.9524	100.430	0.5234	0.5239
30 Year Treasury	2.9352	103.766	1.1875	1.1577
ENERGY
Crude Oil, Brent Index	Brent	106.270	-1.2900	-1.1993	22.8714
Crude Oil, Louisiana Light Sweet	LA Light Sweet	109.450	-0.2600	-0.2370	26.5200
Natural Gas, Henry Hub Index	Nat Gas	3.309	-0.0130	-0.3913	-33.8793
PRECIOUS METALS
Spot Gold $/oz	GOLD	1691.850	-32.1000	-1.8620	25.0550
Spot Silver $/oz	SILVER	30.778	-1.5825	-4.8903	12.7414
CURRENCIES
Euro	EUR Curncy	1.346	-0.0064	-0.4732	-1.2182
Japanese Yen	JPY Curncy	76.960	0.0200	0.0260	8.2770
British Pound	GBP Curncy	1.562	-0.0188	-1.1894	-2.1121
Swiss Franc	CHF Curncy	0.918	0.0018	0.1964	7.7526
Canadian Dollar	CAD Curncy	1.040	0.0125	1.2163	-2.0575
Chinese Yuan	CNY Curncy	6.360	0.0015	0.0236	4.3852

 

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7^th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd