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Transcripts For CNBC Closing Bell 20120222

bell. the new york stock exchange, thank you very much, everybody. i m glad they re happy to show this. i m bill griffeth. i have no idea why the traders are applauding right now. downgrade of greek sovereign dealt, as well as economic data on both the u.s. and chinese economies. we have come off the lows of the session. the dow was threatening to turn positive a short time ago. but we have global economic concerns sending investors into a relative safe haven. gold very strong late this afternoon. we ve seen a minor rally in treasuries, pushing yields lower again. gold settled at a three-month high. maybe they managed to find australia on the map. let s see where those markets are standing. we ve got about an hour to go in the trading day, of course. dow at 12,943. ooh, and another cheer for something that s going on behind us. the nasdaq is down by about half a percent. the s&p 500 is down .3%. the euro down now. bob pisani is back. you ran over to see what the applau

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