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Today's early rally fizzled. The S&P 500 dropped -0.60%. Bonds sold off, possibly due to Bernanke's speech. The core PPI rate was higher-than-expected, but commodity stocks did poorly.

Thanks to FactSet Research Systems (FDS) rising 6.3%, our Buy List beat the market by falling -0.36%. This is despite Biomet's (BMET) lousy day. Strangely, Biomet opened lowered and rallied until 1 p.m., before it dropped sharply. The stock closed down over -4.8%.

Dell (DELL) finished above $30 a share for the first time in over a month.

Also, something tells me that the Brazilian market has gone too far. The Brazil ETF (EWZ) was down -3.5% today. (Calling all technicians. That can't be a good chart.)

Finally, stay tuned for Tim Horton's IPO. The New Wall Street is skeptical, while Clearfish is bored.

Posted by edelfenbein at March 21, 2006 4:00 PM