Daily Investment Interpretations
March 24, 2010
The markets fell today in the face of the downgrading of Portugal's
credit rating from AA to AA-, and lackluster durable goods and housing data: Retreat after two-day rally. The NASDAQ Composite
to close at 2,398.76 , the Dow slumped 52.68
close at 10,836.15, and
the S&P 500 ended off 6.45
to close at 1,167.72. Oil fell to $80.40 a barrel.
Gold plummeted to $1,089.
The VIX rose a sharp 1.2
to close at 17.83.
Mark Hulbert's article states What bullish quarter means for the year, and Todd Harrison cites Ten reasons why this is not a bull market.
Market futures are neither up nor down tonight.