Daily Investment Interpretations
October 10, 2011
(Monday Night): After
a lackluster performance on Friday, stocks got their groove on today, rising
more than 3%: U.S. stocks rally 3% on Europe bank pledge,
Wrap: Another Explosive Finish But....
The NASDAQ Composite jumped 86.7 points (3.5%) to close at 2,566.05. The Dow advanced 330.06 points (2.97%) to close at 11,433.18; the S&P 500 closed up 39.43 points (3.41%) to settle at 1,194.89. Oil inched up to 85.25; gold rose to 1,683. The VIX fell 3.18 points to 33.02.
State of the Markets articles include:
The Momentum Game: Stocks We Love 'Till We Hate
Moody's Downgrades Top UK Banks
German Industrial Production Declines in August
The Latest on European Bank Recapitalization Plans
Nonfarm Payroll Surprise: U.S. Added 103K Jobs in September
French Not Opposed To German Stance on Bank Recapitalization
Wholesale Inventories Rise in August
Fitch Downgrades Italy, Spain
US Bank Exposure to Euro Crisis Could Tally $650 Billion
Team "Merkozy" Say New Grand Plan is Coming
EU Summit Postponed Until October 26
Rex Nutting's contribution is: .Coming recession would be bad enough
Peter Brimelow brings: Has decade’s top performer hit the wall?.
On the other hand, Financials and the ‘fall melt-up’ suggests that financial stocks could lead the way in a year-end rally, and Brett Arends adds fuel to the Wall Street fire with How Wall St. scammed Mom and Pop — again.
Stock market futures are down ⅓ % tonight.