25 March 2011

SP 500 and NDX Futures Daily Charts


Stocks opened brightly on the slightly 'better than expected' US GDP revision of the fourth quarter to 3.1%, but it really is moot at this point at the end of the first quarter.

Fukushima weighed on the markets, as it now unfolds that the situation is worse than TEPCO and the government had allowed, with a probable reactor breach unleashing more dangerous radioactive fallout over a wider area.

More later...