Daily Investment Interpretations
September 1, 2010
The markets rose nearly 3% today
on good news: Bulls storm into September. The NASDAQ Composite
to 2,176.84. The Dow rose 254.75
at 10,269.47, and the S&P 500
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.