March's Market Madness

Last week provided a perfect example of how a mere comment can move the markets. The comment came from the European Union Energy Commissioner just before 11am Eastern Time on Wednesday, March 16 as he stated that the nuclear situation in Japan was “out of control”. The comment carried on newswires immediately sent the S&P 500 down 1.5% in a matter of minutes after the index had been mostly unchanged for much of the morning.

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