BALTIMORE ( Stockpickr) -- Even though February trading ended on a sour note yesterday, what a month it was for Mr. Market.
All told, February 2012 closed the books with 4.1% gains in the S&P 500, making last month the best February investors had seen in the last 14 years. Yesterday's turn lower came after Fed Chairman Ben Bernanke's testimony to the House Financial Services Committee yesterday ignored the possibility for another round of quantitative easing.
Hardest hit was gold, which fell 5% in yesterday's session, after futures tried to test the $1,800 level this week. Clearly, gold bugs had been pricing in the possibility of QE3 for a while now.
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