Stocks are sharply lower and Treasury prices are soaring in early trading Monday as investors around the world fear that consumers are too skittish to help lift the economy into recovery.
U.S. stocks are down sharply after overseas markets extended the heavy selling that began Friday. That pullback followed a weaker-than-expected reading on consumer confidence.
After sending stocks higher for five months on expectations of an economic recovery, investors are now worried that they have been too optimistic given consumers' continuing reluctance to spend.
Dow Jones industrial average is down 136.94, or 1.5 percent, at 9,179.32. Standard & Poor's 500 index is down 15.16, or 1.5 percent, at 988.93, while Nasdaq composite index is down 40.72, or 2.1 percent, at 1,944.80.
Yesterday’s Top Performing Small Cap stock:
SIONIX Corporation (OTC BB: SINX) was a SmallCapVoice.com top performer closing up 10% on trading volume of 404,017 shares.
An audio interview with Chairman of the Board, John Pavia, of SIONIX Corporation is now at SmallCapVoice.com. The interview can be heard at http://smallcapvoice.com/blog/7-29-09-audio-interview-with-sionix-corporation-otcbb-sinx/
SIONIX designs "Safe Water Systems" that require uninterrupted water supplies with many applications in mind, such as defense, government facilities, emergency water supplies during natural disasters, hospitals, pharmaceuticals, resorts and hotels, housing development projects, industrial applications and brackish waste water from oil and gas drilling. Intended applications also include desalinization and pre-treatment for reverse osmosis and other membrane applications. Industrial applications would also include industrial waste water, bottled water, industrial process water, food, dairy, agri-business, meat processing, and hog and poultry operations.
Today’s SmallCapVoice.com Hot Stock to Watch:
GWS Technologies, Inc. (OTC BB: GWSC)
GWS Technologies, Inc., an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, last week announced that it is working with Shanghai Top Resources Import and Export Co., Ltd. and America China Technology Systems LLC in Shanghai, China, and the Shanghai Institute of Space Power Sources to develop a proprietary 210 watt polycrystalline silicon solar panel specifically adapted for commercial retrofits and the demanding climate of Arizona and the desert Southwest.
GWS stands for GreenWindSolar. GWS is an alternative energy technology company focused on developing, marketing, and implementing solar and wind-powered renewable energy products and solutions for various commercial, industrial, and governmental end-users. GWS is also building strategic partnerships with companies that are developing cutting-edge technologies and solutions. By harnessing the power of the wind and the sun, GWS is helping consumers and businesses generate their own clean power, reduce carbon emissions, and become part of the global energy solution.
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