Beware the ides of March. In between my re-reading of Julius Caesar, here's what I was looking into:
YOWZA: Tokyo off more than 14% at one point. The Nikkei had its worst 2-day decline since records began in 1949.
WARNING: Prime Minister Naoto Kan warned the country that radioactivity levels had become significantly higher following 2 explosions at 2 reactors in the quake-hit Fukishima Daiichi complex.
BUYING: There's talk not only that Japan is going to pump liquidity into the market, but they'll buy stock to curb panic selling.
PANIC: Dow futures hovered around 250 below fair value for much of the morning, Europe is also getting slammed.
OH, YEAH: The middle east is also getting nasty. The IEA came out and said high oil prices mean large downside risk to demand but demand remained unchanged, thankyouverymuch.
STOP: The house will vote on (another) stopgap spending bill today, the sixth since th fiscal year began in October.
EASY: The Fed decision comes out at 2:15pm EST. It's expected to hold rates steady in spite of the steady price of iPads.
HARD ASSETS: February import prices are out at 8:30a, forecast to rise 0.9%; At 10am, the National Association of Homebuilders has its monthly housing market index.
BARBARIANS: For the first time, KKR is opening the gates to the media at its investor meeting today.
RIP: Microsoft is killing its (painfully unpopular) Zune.
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