Daily Investment Interpretations

November 4, 2010

2010-11-4 (Thursday Night):  Today saw the relief rally that might have been expected yesterday, taking the market indices to their highest levels in two years:  ,Bulls at pre-Lehman levels, Calming effect on Street (audio).  The NASDAQ Composite rose 37.07 points (1.46%) to 2,577.34  The Dow added 219.71 points (1.96%) to close at 11,434.84, and the S&P 500 added on 23.1 points (1.93%) to end at 1,197.96. Oil rose to $86.60 a barrel, and Gold hit a new high of $1,393 on expectations of a falling dollar. The VIX fell 1.04 to 18.52.  
    My investment advisory service recommends holding right now. There were opening gaps this morning that will have to be revisited before the markets go permanently higher.  
    Emerging markets on a shopping spree This article describes innovative products that are being produced in Asia and marketed globally. Two ETFs that index the stocks values of some of these companies are CHIQ for Chinese firms and BRAQ for Brazilian companies.
    Gold, silver surge as Fed move punishes dollar 
    Oil rallies 2% to highest level since early April