Stocks Retreat On Consumer Report – RSI Silent February 23, 2010
Posted by Marlowe Cassetti in Blogroll.trackback
The stock market fell sharply Tuesday after a surprising drop in consumer confidence reminded investors of the fragility of the economic recovery.
The Dow Jones industrials fell 100 points. Interest rates also fell in the bond market as investors moved money out of stocks and into the safety of Treasurys.
The Conference Board said its consumer confidence index fell to 46 in February from 56.5 last month. That was well below the forecast of economists polled by Thomson Reuters. They expected a reading of 55.(commentary & photo courtesy of AP)
No RSI picks today, catch you tomorrow.
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