S&P 500 HAS BIGGEST DROP SINCE NOVEMBER ON EUROPE CONCERN On concern that the European debt crisis may intensify. The S&P 500 slipped 1.2 percent, the most since Nov. 14, to 1,495.71 in New York, after reaching a five-year high last week. The Dow (INDU) Jones Industrial Average lost 129.71 points, or 0.9 percent, to 13,880.08. Orders placed with U.S. factories increased less than forecast in December, reflecting a drop in non-durable goods that overshadowed gains in construction equipment and computers. Bookings climbed 1.8 percent after a revised 0.3 percent drop in November that was initially reported as unchanged, Commerce Department figures showed.
OIL TRADES NEAR ONE-WEEK LOW ON IRAN TALKS OFFER, EUROPE CRISIS as tension eased over Iran's nuclear program and investors speculated Europe's debt crisis will worsen, derailing the global economic recovery. Crude for March delivery was at $96.01 a barrel, down 16 cents, in electronic trading on the New York Mercantile Exchange at 10:47 a.m. Sydney time. The volume of all futures traded was 10 percent below the 100-day average. The contract slid $1.60 yesterday to $96.17, the lowest close since Jan. 25 and the biggest decrease since Dec. 6. (Source: Bloomberg) Jupiter Securities Research - 5 Feb 2013
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....