Daily Investment Interpretations
October 5, 2011
(Wednesday Night): The
markets rose today on better-than-expected ISM report, continued rumors
of progress in Europe: U.S. stocks jump on U.S. data, Europe efforts,
Stocks Follow Through To The Upside.
Composite jumped 68.99
points (2.95%) to
close at 2,404.82.
The Dow advanced
at 10,939.95; the S&P 500 closed up 20.08
to settle at 1,144.03. Oil rose to 79.30: Oil rallies 5.3% on inventory decline;
gold declined to 1,643: Gold futures on firmer footing. The VIX
points to 37.81.
State of the Markets Technical Talk: The Dreaded Breakout Fakeout. State of the Markets' indicators are some distance from turning positive. And Mark Hulbert's recommendation that one not invest in the markets when the VIX is above 20 also points to remaining on the sidelines.
State of the Markets articles include:
Eurozone Services Sector PMI's Show Contraction
Eurozone Retail Sales Fall in August
Challenger Planned Job Cuts Surge to Highest Level Since April 2009
Rates Continue to Rise at Portugal's T-Bill Auction
IMF Says Europe's Banks Need Significant Capital Raises
Slovakia's Opposition Party Won't Support EFSF
ADP Private Sector Payrolls Up 91K in September
ISM Says Economic Growth Continued in September, But
NAAIM Survey Shows Active Managers Were Outright Bearish Two Weeks Ago
Japan May Buy More EFSF Bonds To Support Europe
EU Wants Bank Stress Tests To Include Greek Debt Writedowns
Stocks Follow Through To The Upside
One Man's Opinion on Outrageous Comments
IMF Says Fed Needs To Be Prepared for Credit Crunch in Europe
Steve Jobs Has Died
MarketWatch's articles include:
Palin Opts Against 2012 Presidential Run
2012 growth depends on jobs plan: Probyn
Sights set on growth
Stock market futures are mixed tonight... basically neutral.