Daily Investment Interpretations
December 28, 2010
(Tuesday Night): The
markets ended mixed yet again today. The
NASDAQ Composite fell 4.39
to 2,662.88. The Dow rose 20.51
while the S&P 500 gained 0.97
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
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.