Recently I was interviewed by Zack Miller who runs Tradestreaming.com. The interview, “The Best (And Worst) Online Stockbrokers", was regarding the release of our 2012 Broker Review on StockBrokers.com. Zack asked me some very detailed questions so if you are curious to know how good your broker really is, it is definitely worth a listen.
Today's to-the-point market recap courtesy of IBD,
Stocks ended off session lows, but were still hit hard Wednesday after a poor debt auction in Spain and lingering worries that the Fed is not planning further stimulus. The Nasdaq tumbled 1.5%, the biggest loss so far this year for the composite. The S&P 500 lost 1% and closed below the 1400 level. That marked its biggest loss since March 6.
The question is whether or not today's move was the start of a legitimate correction or if the market is just taking a breather after its most recent gains. A look at the intraday action today via TD Ameritrade,
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Updated market analysis below. Stay frosty (sharp) out there and I will see you back here tomorrow!