Daily Investment Interpretations
December 1, 2011
(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
to close at 2,626.20. The Dow fell
the S&P 500 faded 2.38 points
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.