Current Market Snapshot: The Grecian Adventure: "
June 23, 2011 
The S&P 500 finished the day down a fractional 0.28% after plummeting to an intraday low 1.89% below yesterday's close. Intense anxiety over Greece and a last-minute announcement of agreement on a new five-year austerity plan provided a golden opportunity for day traders. The index is now up 2.06% year-to-date but down 5.87% from the interim high set on April 29.
From an intermediate perspective, the index is 89.7% above the March 2009 closing low and 18.0% below the nominal all-time high of October 2007. Below are two charts of the index, with and without the 50 and 200-day moving averages. More...
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