Posted on 03/01/2012 6:16:24 AM PST by SeekAndFind
The S&P 500 posted its best February performance since 1998, the third-straight month of gains for the broad-market index.
Today's Markets
The Dow Jones Industrial Average fell 53.1 points, or 0.41%, to 12952, the S&P 500 dipped 6.5 points, or 0.47%, to 1366 and the Nasdaq Composite lost 20 points, or 0.67%, to 2967.
For the month, the Dow jumped 2.5%, the S&P 500 rallied 4.1% and the Nasdaq surged 5.4%.The markets have been on a tear this year; indeed, the Dow is less than 9% off of its record close struck in October 2007. The Nasdaq, meanwhile, on Wednesday crossed the 3000 mark for the first time since December 2000, having its best February since that year. The technology-heavy index is still far from hitting the record high of 5049 it notched in March of that year.
(Excerpt) Read more at foxbusiness.com ...
With trillions of dollars sloshing around, it going up, is not a good sign.
Even though they want to con the people into believing it is...
The best March under Obama has been down 6%.
This 2-week slide sideways has been on minimal volume and has low general correlation. That is to say, the support here is not strong. I would think when it punches back under support there won’t be anything to catch it.
For the month, the Dow jumped 2.5%, the S&P 500 rallied 4.1% and the Nasdaq surged 5.4%In other news, Apple is up about 20% for February, and about 40% for the past 3 months.AAPL is at 543.88, for a market cap of $505.75Billion largest of all corporations.
Apple isn’t in the Dow but is in the S&P 500 and the Nasdaq . . .
Looks like the dollar doesn’t go as far on Wall Street as it used to.
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