Daily Investment Interpretations

December 28, 2010

2010-12-28 (Tuesday Night): The markets ended mixed yet again today. The NASDAQ Composite fell 4.39 points (-0.16%) to 2,662.88. The Dow rose 20.51 points (0.18%) to  11,575.54, while the S&P 500 gained 0.97 points (0.08%) to close at: 1,258.51. Oil was unchanged at $91.26 a barrel, and Gold ended up a trifle at $1,405. The VIX slipped 0.15 to 17.52.  
    The markets were challenged today by the fact that the Case-Shiller Index dropped again, raising fears of a real-estate double dip, Did someone say, and even a double dip for the economy, After Case-Shiller, dip talk is back (video)
    Some measure of consumer confidence came in below expectations today, although only two weeks ago, we had: Consumer sentiment rises to 74.2 in December, and 
University of Michigan Confidence Above Expectations in December.
    On the other hand, Hugh Johnson- Stock prospects are good (audio).

    Market futures are up slightly tonight.
    Just two more trading days and the Santa Claus rally (such as it is) will be over.