Daily Investment Interpretations

October 7, 2010

2010-10-7 (Thursday Night):  The markets ended today about where they started. The NASDAQ Composite mosied up 3.01 points (-0.8%) to 2,383.67. The Dow fell 19.07 points (-0.17%) to close  at 10,948.58, and the S&P 500 slipped 1.91 points (-0.16%) to end at 1,158.06. Oil rose to  $83.30 a barrel, while Gold ended at $1,351. The VIX ended the day up slightly at 21.56.
    Trichet's warning  
    Callaway: Race to the bottom for currencies  
    Weekly U.S. jobless claims drop by 11,000 to 445,000  
    As outlook sours, international tensions grow  This article explains that the economic cooperation of 2008 has given way to a begger-thy-neighbor free-for-all as the recovery stalls out.
    The Eurozone GDP is forecast to grow 1.7% this year and 1.5% next year. The U. S. is tipped to experience 2.6% growth this year and 2.3% next year. The UK is forecast to rise 1.7% this year and 2.0% next year, and Japan weighs in at 2.8% growth this year and 1.5% expansion next year.
    Weekly U.S. jobless claims drop by 11,000 to 445,000  
    Fed may be targeting rates, inflation  
    Democrats find GOP ‘scary’
    U.S. 2-year yields drop to new record after claims  
    U.S. car makers slash deals and still log sales  

    Once again, I'll have to defer commentary until morning. Amber is with us, and I have no time for anything else.