Global Equity Markets Sold Off Wednesday While U.S. Stocks Make Comeback Ending Flat- Victory Of Sorts

Wednesday, May 23, 2012

With already huge losses, stocks continue the deep dive on growing speculation that Greece will exit the Euro;  that brings up all kinds of worries like what will happen to Spain- Italy- Euro Area- what will happens to the Euro currency- What will Greece do for a currency- how much will the Greek people lose and the big question, how will this all unfold.

 

Stocks looked very negative during the day with Europe and Asia markets ending well into negative territory;  U.S. tries for a neutral end as it streams higher going into the close Wednesday.

 

U.S. posted a mixed close making a comeback, rallying back from deep in negative territory;  NASDAQ posted a 0.4 percent gain, S&P 500 posted a 0.2 percent gain while the Dow closed virtually unchanged after being down in triple digits.

 

Two cable network stations say that the NYSE is trying to get Facebook to move to the NYSE just after days of trading on the NASDAQ.