Daily Investment Interpretations
November 29, 2010
(Monday Night): The
markets ended down slightly, which is pretty spectacular considering how
far down they were during the day: Stocks stage late-session comeback,
The NASDAQ Composite gave up another 9.37
to 2,525.22. The Dow dipped 39.51
to close at 11,052.49,
and the S&P 500 slipped 1.64
to end at 1,187.76. Oil rose to $83.88 a barrel,
and Gold slipped slightly to $1,365. The VIX
The S&P 500 dipped to its support level of 1,178 today before recovering later in the day. Tomorrow... ?
The Irish bailout apparently didn't satisfy investors. (Paul Krugman has this to say about it: Permanent Link to Not Waving But Drowning, and Eating the Irish.) Meanwhile, the contagion is spreading, and the big question is: what will happen if Spain and Italy need help?
Paul Krugman has addressed all this in the past. Here is his current view: The Spanish Prisoner.
Market futures are down ⅓% tonight. Asia is down.
Spain, Portugal spreads set records
The mood turns ugly in Europe