Daily Investment Interpretations
June 10, 2010
Stocks rose smartly today: Stocks advance as euro gains,
10K Dow doesn't look back
The NASDAQ Composite advanced 59.86
to close at 2,218.71, the Dow regained 273.28
to close above
10,000, at 10,172.53,
and the S&P 500 fell
to end at 1,086.84.
Oil rose to $75.88 a barrel, while Gold ended at $1,219. The VIX
The markets have once again bounced up off the bottom, although it will be important to see whether they'll exhibit follow-through tomorrow.
Bleak Friday's a day away refers to the fact that the index of leading indicators is getting ready to go negative tomorrow.
Retailers are upbeat is important because it speaks to consumer confidence as well as
Sweatshop days coming to an end is about the predicted evolution in China of a population that isn't going to be willing to accept sweatshop conditions much longer.
Stock market futures are neutral a bit tonight.
My investment advisory service is back in action today, but hasn't given muc guidance regarding what comes next.