Daily Investment Interpretations
April 29, 2010
The markets galloped upward again today.
NASDAQ Composite posted a 40.19
to close at 2,511.92, the Dow gained 122.15
and the S&P 500 added
to end the day at 1,206.78. Oil rebounded to $85.30 a barrel,
while Gold subtracted $4
to close at $1,168.
The VIX fell 2.64 to
There was quite a lot of good news today that helped offset concerns over the Grecian issue. Most of this good news involved individual earnings reports, but initial jobless claims were also lower: Initial jobless claims fall by 11,000 to 448,000.
Peter Brimelow writes: Paranoid bear has met enemy, still bearish.
An Elliott wave theorist proposes: Don't worry about downward Dow -- yet .
David Callaway posits that the Fed is delaying a day of reckoning that must soon impact the stock market: Fed can't delay market storm: David Callaway.
And in the "Winter of Our Discontent" vein come Todd Harricon's Poster child for class warfare, and Goldman's glitzy new home.
Stock market futures are down slightly tonight.