Daily Investment Interpretations

December 22, 2010

2010-12-22 (Wednesday Night): The markets rose modestly today: Street taps two-year high. The NASDAQ Composite added 3.87 points (0.15%) to 2,671.48. The Dow rose 26.03 points (0.23%) to  11,559.49, while the S&P 500 tacked on 4.24 points (0.34%) to close at: 1,258.84. Oil set a new 2010 record at $90.70 a barrel, and Gold ended up a trifle at $1,388. The VIX declined 1.04 to 15.45.  
    There was virtually no market news today. Maybe the newsmakers are busied out with Christmas, or maybe they're being extra good before Santa Claus makes his fateful decisions about who's been naughty and who's been nice.
    Outside the Box- Pros debate January's fate  
    Crude sets its sights on $100-a-barrel mark 
    In 'Tis The Season (For Stocks and Technology), the TopStock Portfolio team amplifies on Mark Hulbert's article:
The real Santa Claus rally’s about to begin, observing that there are two December rallies, one in the first part of December and the other in the last seven trading days.