Daily Investment Interpretations
April 5, 2010
markets galloped uphill again today, with all three major market indices
hitting new highs: Stocks, oil, bonds recoup most of their losses,
and Dow just shy of 11,000 level.
The NASDAQ Composite rose 26.95
to close at 2,429.53, the Dow added 46.48
close at 10,973.55, and
the S&P 500 advanced
closing at 1,187.44. Oil jumped to $86.74 a barrel,
while Gold rose to $1,132.
The VIX dropped 0.3
to close at 17.17.
Mark Hulbert advises us that Dow 11,000 is not a big deal, while Peter Brimelow updates us concerning Radical gold bugs vs. Wall Street.
Meanwhile, interest rates are rising: Back up to 4%. Although the Fed is holding its interest rate at 0.25%, the general market is pricing a recovery into interest rates, as are crude oil prices. Price targets for Apple computer shares are being repriced upwards (to $300 a share) after a strong 1st-day showing for the iPad: .
Market futures are down slightly tonight.