Daily Investment Interpretations
May 18, 2010
The U. S. markets closed down again today, but closed above their may
7th low of 1,111. The NASDAQ Composite fell 36.97
to 2,317.26, the Dow tumbled 114.88
and the S&P 500 stumbled
to end at 1,120.78. Oil rose to $69.33 a
barrel, while Gold retreated to $1,223. The VIX
Tomorrow could tell the tale regarding whether the markets are going to pass or fail their retest of their May 7 low (and futures are down nearly 1% tonight). If the S&P 500 fails to close above 1,111 tomorrow afternoon, it will probably signal a steepening fall in the markets.
Paul Krugman points out that a falling Euro may actually benefit the U. S. recovery over the short term by lowering oil prices and interest rates: Permanent Link to Negative Linkage.
Paul Farrell writes: 12 ways to cash in on the 'collapse of Eaarth'.
Mark Hulbert writes about the Consequences of heavy volatility. His conclusion: there aren't any correlations between market volatility and the future direction of the stock market. (Last Friday, he wrote that advisors were bearish than after the "Flash Crash": Wall of Worry.)