Daily Investment Interpretations
February 12, 2010
The markets ended mixed today, with the NASDAQ Composite up 6 and
the Dow down 45.
The NASDAQ Composite climbed 6.12 points, (0.38%) to close at 2,183.53, the Dow dropped 45.05 points (-0.44%) to close at 10,099.14, and the S&P 500 slipped 10.34 points (-0.27%) to close at 1,075.51. Oil moved down $0.99 to $74.13 a barrel. Gold lost $5 to end the day at $1,090. The VIX fell 1.23 to 22.73.
Dubai's sovereign debt is back in the news: Dubai debt concern grows.
China announced a new surprise tightening of its bank reserve requirements casting a shadow over the Chinese marketplace. Also, Europe posted a weaker-than-expected advance in its combined GDP.
Marketwatch' Chuck Jaffe warns that shorting the market right now using Proshares Ultra-Short funds could be hazardous to your portfolio: Betting against stocks now could be stupid