Daily Investment Interpretations

September 1, 2010

2010-9-1 (Wednesday) The markets rose nearly 3% today on good news: Bulls storm into September. The NASDAQ Composite climbed 62.81 points (2.97%) to 2,176.84. The Dow rose 254.75 points (2.54%) to close  at 10,269.47, and the S&P 500 added 30.96 points (2.95%) to end at 1,080.29. Oil closed at $74.00 a barrel, while Gold ended the day at $1,247. The VIX dropped 2.15 to 23.90
    The articles listed here don't seem to offer particularly good news, but the manufacturing index was up slightly for August when it was expected to have fallen.
    Private-sector payrolls dip  
    Factories add fuel to fire  
    Mark Hulbert gives us September by the numbers, and the news isn't good. September comes by its unsavory reputation honestly. The markets will probably end this month a few percent lower than they began them today.
    Nick Godt has written: Denial symptom No. 36: Cyclicals stocks lead  
    High correlations reveal unhealthy market  
    Wage growth collapses  
    Michael Ashbaugh writes: Track a trendless market.  
    Silvia: Double-dip odds now 1 in 20  "Wells Fargo chief economist John Silvia calls the ISM report 'a shocker'. He tells MarketWatch News Break the odds of a double dip recession are now one in twenty."
    Stock market futures are moving down a bit tonight.