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Stocks fell over 2 percent today as investors worry that an indecisive EU and IMF will let Greece collapse, and Republicans are up in arms over the President's class warfare plan.

Gold ended marginally lower but downside was limited as the Dollar softens on Thursday due to sluggish claims data. Silver prices rallied on Thursday. The International Monetary Fund trimmed its forecast for global economic growth this year, citing recent weakness in the United States. But the IMF said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets. The Euro strengthened after Greece proposed reforms similar to those demanded by creditors in return for a financial bailout, boosting the chances the nation will remain in the currency union and reviving risk appetite.

Investors were rattled by more bad news from Greece today as the struggling government said it would not be able to hit targets as agreed upon for the EU/IMF bailout.

Oil-producing Russia should take advantage of high commodity prices to restructure its economy, the International Monetary Fund's executive board said Wednesday in its annual country survey.

Selling by computers responding to break below S&P 500's 1120 support likely, however a brief but sharp technical rally should develop - Astute traders buy only.

Stocks fall hard as markets react to Operation Twist and the financial crisis in Europe. Investors worry about lack of growth in U.S., and deterioration in Europe.

Stocks are up in mid-day trading today as investors are hoping the Federal Reserve will open up its tool box and provide the ailing economy some much needed assistance.

The Street awaits news from the Fed and Europe, the latter not expected now until early October. Beware of a new-prompted breakout above DJIA 11,740 (S&P 1220)