18 May 2012 Recovery Concerns
Posted at 10:33h in The Friday BriefStock market averages continued down for their third week to levels last cleared in January. The S&P average, which peaked 13% above its January 3rd open is now up only 3.8% trimming more than a trillion in market value in May. The Vanguard Total Market is up 2.4% year to date. Yields on the 10-year US Treasury have tumbled from about 4% just two years ago when Greece's debt crisis began to 1.73% today. The 7-10-year Treasury is up 21% (not counting interest) over the same period.