Daily Investment Interpretations

April 5, 2010

2010-4-5:  The 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 points, (01.12%%) to close at 2,429.53, the Dow added 46.48 points (0.43%) to close at 10,973.55,  and the S&P 500 advanced 9.34 points (0.79%), 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.