Saturday, August 1, 2015

SATURDAY 8/1/15; China PMI; Puerto Rico Defaults on Bond Payment

SPX (S&P 500 Broad Stock Market) 2104. INDU (Dow Jones Industrials the Dirty Thirty; blue chip divvy stocks) 17690. COMPQ (Nasdaq Composite the Nazzy; tech and biotech stocks) 5128. RUT (Russell 2000 Small Caps) 1239. DAX (Germany) 11309. CAC (France) 5083. FTSE (UK) 6696. MIB (Italy) ....












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..... missing a $58 million payment on Public Finance Corporation (PFC) bonds today placing the financially-troubled nation into default. Puerto Rico is in a $72 billion debt hole unable to pay. Puerto Rico will probably run out of operating cash in November which sets a three to four-month time frame to seek help and negotiate bailout terms with creditors.

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