Daily Investment Interpretations
January 10, 2011
(Monday Night): Stocks
retreated a little further today. The
NASDAQ Composite escalated 6.72
to 2,707.80. The Dow declined 37.31
while the S&P 500 fell 1.75
to close at: 1,269.75. Oil closed at $89.35 a
barrel, and Gold ended at $1,376. The VIX rose 0.4
TopStock Portfolios concludes that short-term, the markets are very overbought, sentiment is far too optimistic, and the markets are primed for a short-term downdraft: Change In The Air? Intermediate-term, we're in the second leg of a cyclical mini-bull market. Their forecast suggests that price action may be sloppy in mid-January, followed by a rapid climb into February: One Last Prognostication For 2011: Ours. The markets should continue to rise in a choppy fashion into May and then rally over the summer. Beginning in early September, a stiff decline should ensue until early December, when a year-end rally might be expected. They strongly caution that this is based upon typical cycles, and is no substitute for a daily and a weekly response to what the markets actually decide to do.
U.S. dollar's role is vital: Sarkozy This article is really about dethroning the U. S. dollar as the world's reserve currency.
Peter Brimelow presents, Schultzís swan song.
The Marketwatch Forecaster of the Month says, Economy rising, but will it last?.
Stock futures are up slightly tonight.