13 Reasons Markets Slipped Lower This Week

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Dow 12,130 S&P500 1,319 Nasdaq 2,781 Gold 1,408

Unless you’re living in a cave, you’re well aware unrest in Libya and the Middle East took center stage this week. Considering how much Oil (NYSE:USO) popped and the geopolitical instability, markets faired quite well with only a minimal slide.

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Now, for the 13 reasons markets moved this week:

Monday (US Markets Closed for President’s Day)

  • Oil and Gold are in demand. As riots start to spiral out of control in Libya, investors are snapping up oil (NYSE:USO) and gold (NYSE:GLD). Muammar Gaddafi has warned of civil war, protesters may have taken control of Libya’s second-largest city Benghazi, and the capital Tripoli is set to become a battle ground.

Tuesday

Wednesday

Thursday

  • The “macro” top-down funds were working the media to fret over higher Oil (NYSE:USO) prices. Although they may not wrong, Oil did take a tumble 1.6% today as hot money chasers got their faces burned off. Now Check Out: 5 Stocks Hedge Funds Are Buying Like Crazy >>

Friday