Daily Investment Interpretations

December 1, 2011

2011-12-1: (Thursday Night): After climbing nearly 8% in three days, the markets took a breather today: Market Snapshot: U.S. stocks retreat on jobs nervousness, Stocks Stall Ahead of Jobs Report, and Blue chips can't keep up the rally. The NASDAQ Composite inched up 5.86 points (0.22%) to close at 2,626.20. The Dow fell 25.65 points (-0.21%) to 12,045.68; the S&P 500 faded 2.38 points (-0.19%) to settle at 1,220.03. Oil adjusted to 100.24: ; gold inched down to 1,748. The VIX fell 0.38 points to 27.41.
    Our U. S. recovery may be tepid but: Economic Shocker: U.S. is leading the growth race.
    Among the news items:
    Jobless claims top 400,000. This was disappointing news after two weeks of jubless claims below 400,000.
    All eyes turn to jobs report: The U. S. is expected to have created about 125,000 new jobs in November.
    John Shinal recommends that we : Sell some into this latest market rally. In other words, take some money off the table just in case...
    Fed's Bullard: ECB can't run to rescue of Europe  
    Austerity alone will lead to recession: France's Sarkozy  
    Sarkozy: ECB is independent and will stay that way  
    France, Germany advocate new EU treaty: Sarkozy  

    State of the Markets articles include:   
    Technical Talk: Pullback Expected, Watch Dip-Buyers  
    Is It Time-  
    Construction Spending Increases By +0.8% in October     
    ISM Manufacturing Report Better Than Expected  
    Bloomberg Consumer Comfort Index Remains Weak   
    Spanish Bond Auction Sees Higher Rates But Adequate Demand
    Investor's Intelligence Data Shows Bulls Holding Steady           
    Chicago PMI Comes In With Best Reading Since April  
    Pending Home Sales Present "Hopeful Sign" For Housing  
    Market futures are neutral again tonight.