Daily Investment Interpretations

March 6, 2011

2012-3-6: (Tuesday Night): The markets indices plunged today on worrisome developments in Greece and China: Street's worst day this year; Stocks Post Largest Decline of the Year as Traders Take "Risk-Off". The NASDAQ Composite deflated 40.16 (-1.36%) to 2,910.32. The Dow plunged 203.66 points (-1.57% to 12,759.15; the S&P 500 lost 20.97 points (-1.54%) to settle at 1,343.64. Oil shrank to 104.93: Oil at two-week low on global growth worries; gold retreated to 1675: Gold extends losses on disappointing data. The VIX zoomed 2.82 to 20.87.
     
    Marketwatch says: 
    Market indicators are still bullish
    Jitters grow over Greece's debt swap  
    China economist tips uncertain inflation outlook  
    Kevin Marder notes: Pluses and minuses to a pullback 
    Which pullback should you buy?  
    Michael Ashbaugh presents: Staking out major support points  
    Dr. Irwin Kellner states that Economic policy is hurting the economy
    China economist tips uncertain inflation outlook
    Mark Hulbert writes that: Insiders as bearish now as last April.  

    

    State of the Markets articles include:   
    Are We Back To Worrying About Greece?
    GDP Falls in Eurozone During Fourth Quarter (Two successive quarters of falling GDP mark a recession.)
    Time To Sell Apple? (History Says Maybe)      
    Stocks Lower On Macro Data, Semis, AAPL  
    ISM Non-Manufacturing Index Above Expectations in February  
    Factory Orders in U.S. Better Than Expected in January  
    Will Bernanke Offer More Aid For Economy At Meeting- 
      
    Market futures are up ⅓ % tonight.