Reply #2: WrapUp by Mary Puplava [View All]

[ozymandius]

Red, Red Everywhere... with only a smidgen of green

I have a daily challenge to find a chart that perhaps expresses the highlight-of-the-day for the markets. My favorite site is www.stockcharts.com. If "the boys" here in the office are busy or I don't see any major story, I usually go to stockcharts' Market Summary page and scan the daily changes. Today was amazing. I saw that almost every major milestone was in the red. And then I saw a smidgen of green. I'm not a financial guru like most of those who contribute to this site, but I'm not dense either. I'll let you decide what all that red means. Once I saw that this was a major day in the markets, I started searching for news on what the heck happened today. Here's what I found...

AP says, Dow Closes Down 87 Points; Nasdaq Falls 18; <cut> Bloomberg says, Treasuries Fall On Signs of Labor Market Improvement and as Dollar Surges; <cut> CBSMarketwatch says, Stocks retreat on anxiety over rates ...

Ike was unable to contribute today and everyone else was busy. Rather than leave you without at least something, I thought I'd put in my two cents and a few charts.

http://www.financialsense.com/Market/wrapup.htm