Daily Investment Interpretations

April 20, 2010

2010-4-20:  The indices have climbed again today. The NASDAQ Composite jumped 20.2 points, (0.81% to close at 2,500.31, the Dow climbed 25.01 points (0.23%), to 11,117.06, and the S&P 500 advanced 9.69 points (0.81%) to close at 1,207.17. Oil moved down sharply to $82.99 a barrel, while Gold added $2 to close at $1,139. The VIX leaped 1.61 to 15.73.
    Tonight, after hours, Yahoo and Apple have reported strong profits, and market futures are up modestly.
    There are several articles tonight dealing with the SEC's charges that Goldman Sachs defrauded its investors:
Goldman signals defiance, Top Goldman lawyer 'disappointed' at SEC, Counsel: We'd never intentionally mislead (audio), Gasparino and Friedman talk Goldman, and CDO case steals Goldman's profit thunder
    It's reached the point where even Wall Street columnists are appalled at the looting that's taking place: Wall Street robs investors -- again, Ten things we can learn from Michael Lewis, and
Obama vs. Goldman's Reaganomics.
    In
Fuld recalls Lehman's last days, Richard Fuld, the former CEO of Lehman Brothers, is allegedly denying any wrongdoing on his, or Lehman Brothers' part.