'US stocks tumbled for a second straight session this morning, as Greece's plans for a referendum fuelled worries the eurozone bailout plan might fall apart.

'Trading was choppy. At one point it looked like embattled Greek Prime Minister George Papandreou's referendum plans appeared to fizzle. But minutes before the close, reports suggested Greece will still move ahead with the referendum, which prompted stocks to close near session lows.

'The Dow Jones Industrial Average sank 297.05 points, or 2.48 per cent, to 11,657.96. Bank of America led the Dow lower, falling 43 cents, or 6.3 per cent, to $US6.40, while JPMorgan dropped 2.05, or 5.9 per cent, to 32.71. The Dow's decline came after the blue-chip index slid 276 points on Monday.

'Early this morning, the Australian dollar was trading at $US1.0348, off sharply from $US1.0447 late yesterday, as the US dollar rallied'.

Interest rates edged down, 1/11.

Despite Henry's contrary advice, discussed here.

And post mortum here.

Macro tides and Tsunamis, 25/10.

As someone once said: 'Those who do not understand history are condemned to repeat it'.

How would you have fared with one million dollars of loose cash in 1925?

What if 1995 was the equivalent year to 1925?  Read on here.

Interest rates on hold, 5/7.

Relief for investors as interest rates remain on hold, with some gurus saying next move may be down.

Lack of productivity improvement is Australia's biggest problem, a problem the RBA can't fix and the Gillard government cannot even understand.

Henry explains here, and updates here. 

Wall of worry clouds investment outlook, 1/7.

The new financial year opened with a relief rally after months of negative equity action.

John Durie discusses the 'wall of worry' clouding the investment outlook.