NASDAQ struggles to keep up.

Stocks are up this morning after retail sales reported this morning showed biggest gain since March. The NASDAQ struggles to keep up with the Dow Jones and S&P500 in the opening hour. This is attributed to the fact that RBC cut Microsoft's (MSFT) price target as well as downgraded Oracle (ORCL) to sector perform rather than outperorm.

Blue moon good news

Jobless claims reported a fall this morning as they dropped to 395,000 when they were expected to stay around 400,000. This is seemingly the first bit of positive economic news we've had in awhile and should spurt a nice rally in the opening of the market. With volatility and investor's concern at the highest we've seen it in years, today will likely be another very unpredictable trading day. Gold has slightly fallen off its highs but is still trading at higher than it ever has recently at $1,775.

Gold Shines

Not everything is suffering today. Gold shot up 4% to rise above $1,700 for the first time. Gold ETF, GLD, rose more than 3% as of 2:45.

Will it ever stop?

Stocks plummeted in the opening hour of trading today after S&P announced that they were downgraded US credit ratings on Friday. This could not have come at a worse time and greatly increased worry among investors as well as chances of suffering a double dip recession. Stocks have been on a free fall over the past 2 weeks and show no sight of letting up. Gold, on the other hand, continues to rise and inches towards $1,700 levels, while oil inches towards $80 levels. In times like these all we can do is wait. If you're already in stocks and you can afford to hold, then hold. Do not sell if you don't have to! If you're some of the lucky few that are not suffering from these losses and are currently out of the market, I would continue to watch and keep track of what's going on. Look for an indication in a change of trends of confidence. Then jump back in.