Look Out Below: Chinese Slow Down Edition

By Barry Ritholtz - March 6th, 2012, 5:57AM

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Stocks fell for a third day, the longest stretch in two months. Asian markets were hit with some selling as the negatives that have been lurking in the markets are coming to the forefront of investor sentiment: Higher oil prices, slower growth in China & ongoing concerns over Greece.

There is also a lack of any fresh catalysts as well as a fresh wave of capital raising also weigh.

Bloomberg reported that the MSCI All-Country World Index (MXWD) lost 0.9%; Standard & Poor’s 500 Index futures slipped 0.9 percent. The yen appreciated against all 16 of its most-traded peers, climbing 0.8 percent versus the dollar. The yield on the Spanish 10-year bond rose eight basis points, with the similar- maturity U.S. Treasury note yield falling four basis points. Copper declined 1.7 percent and oil slipped 0.8 percent, while the yen strengthened. Spanish bonds declined and U.S. Treasuries gained.

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Category: Markets.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Look Out Below: Chinese Slow Down Edition”

Mark E Hoffer Says:
March 6th, 2012 at 6:58 am
SPY v. GLD 3-year Chart

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=SPY&time=10&startdate=1%2F4%2F1999&enddate=3%2F6%2F2012&freq=1&compidx=aaaaa%3A0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=24&y=6&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12

“Happy 3rd Anniversary” + ‘nice “Double, off the Lows”‘

and, yon’ QOTD (again)..

The conventional view serves to protect us from the painful job of thinking.

-John Kenneth Galbraith
Ted Kavadas Says:
March 6th, 2012 at 8:18 am
RE: “…negatives that have been lurking in the markets…”

I continue to see a lot of negative factors that have been building, encompassing both foreign and domestic economic fundamentals as well as worrisome financial market dynamics.

My post from yesterday on the subject of increasing risks and dangers in the financial markets and economy, for those interested:

http://economicgreenfield.blogspot.com/2012/03/building-financial-danger-march-5-2012.html
DSS10 Says:
March 6th, 2012 at 8:40 am
I thought all of the Chinese economic “Puffery” was already baked in to the indexes already. I’m thinking there are some whispers from Europe regarding the future of sovereign debt, the Greek CDS news from the last couple of days, and risks to the Euro going forward.