A classic recession is typically defined as a contracting economy for two or more consecutive quarters.
Last year, Roubini had forecast a yearlong recession for 2007 and has steadfastly remained one of the most bearish commentators on Wall Street. In the gold patch, the Chicago Board Options Exchange Gold Index was declining 2%, dragged down in part by a 2.6% drop in Freeport-McMoRan Copper & Gold(FCX Quote) and a 4% loss for Agnico-Eagle Mines(AEM Quote). Freeport was suffering from falling copper prices, which shed 8 cents to close at $2.49 a pound on the Comex.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
71.98
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.59
|
10 Yr
3.48%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+1.72%
|
Data delayed 20 minutes |














