Indiana Grain Company, LLC

Posted: 06/29/10

By: tomgrisafi

We at Indiana Grain are trading amidst falling markets, with the Standard & Poor’s 500 Index set its sixth decline in seven days.

With fears rampant that growth in China is grinding to a halt, the vicious stock selling and volatility of old have returned to pay traders and investors a visit.

As reported by Bloomberg, futures on the S&P 500 expiring in September sank well before reports on U.S. consumer confidence and home prices. Similarly, Dow average futures and Nasdaq-100 Index futures also took substantial dips.

“We have been arguing that we are in for a lower growth rate in the second half of this year, and we are getting some signs of that,” said Joost van Leenders, a strategist at BNP Paribas Investment Partners.

“The home-prices picture is interesting because we are seeing a sort of double dip there and a situation where homeowners are sitting on losses is not what you want. We’ll be watching that as well as the consumer confidence release.”

The S&P 500 has fallen better than 10% from this year’s high witnessed in late April.

Citigroup Inc. says that "China’s exports face strong headwinds in the second half of the year from policy tightening measures and the European debt crisis, reducing prospects of a rebound in the stock market."