Wednesday, March 28, 2012

Lower markets led by selling in energy and materials

Dow fell 71, decliners over advancers better than 3-2 & NAZ was off 15.  The decline didn't stop Apple (AAPL), up 3+ to the 617s for another record close.  The averages I follow were generally a little lower, but nothing dramatic (shown in the table to right of this post).  The Alerian MLP Index dropped 2 to the 391s, 20 below its recent record highs.  The other major mover was gold falling 22 to 1662 & is having a very choppy qtr following 11 straight up years.   Dow is hanging onto a gain of 80 for the week.  Going into the end of the qtr, anything is possible with portfolio managers evening out positions & trying to pretty up portfolios.  I know this is shorter than usual, had internet connection problems.  Hopefully they are getting better. 

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