Daily Investment Interpretations

April 13, 2010

010-4-14:  The markets creaked slightly higher again today. The NASDAQ Composite added 8.12 points, (0.33%) to close at 2,465.99, the Dow sidled up 13.45 points (0.12%), to 11,019.42, and the S&P 500 added a meager 0.82 points (0.07%) to close at 1,197.30. Oil was essentially unchanged at $84.33 a barrel, as was Gold at $1,156. The VIX moved up 0.62 to close at 16.20(!) (There must be a story behind the escalation of the VIX, but I don't know what it is.)
    The Fed's Lacker says recovery still distant "from one of the deepest recessions on record". Another article says, "You call this a recovery?"
     Michael Ashbaugh's weekly column is on tap: Ashbaugh's eye on S&P. while Mark Hulbert writes that the Struggle to close above 11,000 is telling. He advises us to see whether the Dow will surge this week, or whether we'll witness "the listless meandering of a tired market".
    Paul Farrell replays some of the advice handed out in the fall of 2007 and in early 2008 in: New Dow high ahead? Happy talk feeds sheep.
    The market indices are up a little tonight.