Daily Investment Interpretations

March 24, 2010

2010-3-24:  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 dropped 16.48 points, (-0.68%) to close at 2,398.76 , the Dow slumped 52.68 points (-0.48%) to close at 10,836.15, and the S&P 500 ended off 6.45 points (-0.55%) 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.