Daily Investment Interpretations
November 29, 2011
(Tuesday Night): The
markets ended the day mixed: A
shallow follow-through, Major
Indices Mixed; Disappointing Finish. The NASDAQ Composite fell back
to close at 2,515.51. The Dow rose
the S&P 500 added 2.64 points
to settle at 1,195.19. Oil jumped to 99.50: Oil
tops $100 a barrel; gold catapulted to 1,718. The VIX fell 1.49
points to 30.64.
There's some agreement that yesterday's action was a "dead-cat bounce": The Technical Indicator: Dead-cat bounce, . Does that mean that it isn't?
Brett Arends's 10 reasons the crisis isnít over
EU agrees to EFSF leverage expansion rules
John Nyardi recommends An ETF for Armageddon if you think the Eurozone isn't going to make it.
David Weidner presents A golden opportunity for Europe and you, suggesting a way for Europe to recover.
Mark Hulbert observes that Corporate insiders are smiling.
And Irwin Kellner observes that For euro zone, itís time to say goodbye.
In the news:
Fed's Yellen sees room for more easing
Consumer confidence leaps
U.S. home prices drop 0.6% in September
Pimco's Gross: Europe on slow train
ECB fails to offset bond buys amid bank stress
State of the Markets articles include:
S&P Downgrades Credit Rating of Five Major U.S. Banks
Karl Case (of Case-Shiller) On The Latest Housing Numbers
FHFA House Price Index Gains Ground in September
Case-Shiller Home Price Index - Prices Down in September
Reuters Poll: China To Begin Cutting Rates Soon This suggests that China might soon become a good investment choice.
Consumer Confidence Spikes Higher in the U.S
Vice-Chair Yellen Says Fed Still Has Room To Ease
Market futures are down tonight (not that that is very predictive anymore concerning tomorrow morning's opening numbers)..