Big moves in the markets last week. The Dow lost a lot of ground through Thursday, but regained some on Friday to close down less than 2% for the week. But gold dropped 4% and the ten-year T-note rose to 5.11%. Something seems to be up - but what is it?
In other news, the media took notice of a troubling recent trend: the super-rich buying massive tracts of land in South America. Why are they doing this? To secure fresh water sources? To have a place to sit out the next ice age? To set up their own kingdoms in a post-war or post apocalyptic world?
|Ofek-7 being launched|
|An amusement park visitor took this picture of the X-Coaster at Magic Springs when the ride froze, leaving 12 riders hanging upside down.|
|File photo shows a mountain Gorilla named Baby Ndeze resting on her mother's lap in Mikeno sector, north of Goma in the Democratic Republic of Congo, February 17, 2007.|