Daily Investment Interpretations
April 21, 2010
indices closed little-changed and mixed today. The NASDAQ Composite
edged up 4.3 points, (0.17%
to close at 2,504.61, the Dow eased up 7.86
to 11,124.92, and
the S&P 500 slipped
to close at 1,205.94. Oil moved rose to $83.75 a barrel,
while Gold added $9
to close at $1,148.
The VIX increased 0.56
Goldman Sachs continues to attract commentaries: Abacus octopus, The good war?, Goldman Sachs: The Poster Child for Class Warfare, and Goldman Lawsuit Tip of the Iceberg?
Mark Hulbert writes about A rare buy signal with a good record. This signal, provided by Ned Davis Research, just occurred, rarely occurs, and foretells a market that, on average, is 38% higher a year later. Ned Davis warns that there are no certainties in the marketplace, but also states: "When would it have paid to go against this indicator?"
My investment advisory service has also mentioned several of these rare bull-market signals over the past six months that have predicted considerably higher stock prices over the next year or two..
Stock market futures are down modestly tonight.