Stockhouse @ the Bell: Worst day for Dow in 2012

Today on Stockhouse

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Peter Kennedy reports on a Klondike gold rush play that Frank Giustra is jumping into.

Top Bullboards post: “Newstrike Capital Inc. has the Ana Paula gold deposit in Mexico. This is a pretty similar high-grade, long intercept discovery that we like very much. Its resource estimate is due in the first half of this year. That was one of the companies that we jumped in immediately after its discovery in January 2011 because it was very significant. It's on strike with Goldcorp Inc. and Torex Gold, two world-class, gold-silver deposits. There's a very good chance that it will come up with the goods as well.” From caliche on the Newstrike Capital (TSX: V.NES, Stock Forum) board.

Top Bullboard: MedX Health (TSX: V.MDX, Stock Forum) collected the second-most posts.

Top blog:LexLuthor2 believes this gold junior has an attractive property near an ‘elephant’ deposit in the Lex Corp News Letter blog.

For news about small stocks that made big moves Tuesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"The concern in the market is the realization that China is affected by Europe as much as anyone else is," said Art Hogan, managing director of Lazard Capital Markets, in an interview with Reuters.

Today In The Markets

TSX tumbles amid global growth worries, nervousness over Greek deadline

DJIA	12,759.15	-203.66
NASDAQ	2,910.32	-40.16
S&P500	1,343.36	-20.97
S&P/TSX	12,298.63	-225.32
S&P/TSX Venture	1,604.87	-50.96

TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market sold off across all sectors Tuesday, falling almost two per cent amid a fresh round of concern that global growth could stagnate.

Uncertainty over the level of participation by private creditors in Greece's planned bond swap two days before a critical deadline also discouraged buyers.

The S&P/TSX composite index tumbled 225.31 points to 12,298.63 while the TSX Venture Exchange fell 50.93 points to 1,604.87.

Falling prices for oil and metals pushed the commodity-sensitive Canadian dollar down 0.64 of a cent to 99.94 cents US.

U.S. indexes were also deep in the red as the Dow industrials lost 203.66 points to 12,759.15. The Nasdaq fell 40.16 points to 2,910.32 and the S&P 500 index was down 20.97 points to 1,343.36.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Pandora Media (NYSE: P, Stock Forum)
After Tuesday's close, the online streaming music service provider posted a fourth-quarter loss $8.18 million, or five cents a share, compared with a loss of $3.91 million, or 31 cents a share — on far fewer shares outstanding — during the same period last year. Excluding stock-based compensation, Pandora would have lost three cents a share. Revenue rose to $81.3 million from $47.6 million. Analysts expected a loss of two cents a share on revenue of $83 million. Pandora stock dropped as much as 16% in after-hours trading.

First Quantum Minerals (TSX: T.FM, Stock Forum)
The miner, after Tuesday's closing bell, reported fourth-quarter earnings per share of 16 cents, compared with $1.12 a year earlier. Total copper production improved 15% over Q3 2011 yet was 11% lower than Q4 2010. For 2012, the company expects to produce approximately 270,000 to 290,000 tonnes of copper, 36,000 to 40,000 tonnes of contained nickel and 170,000 to 190,000 ounces of gold.