Daily Investment Interpretations
March 17, 2011
(Thursday Night): Today, the
markets came part way back: Dow's best day in weeks. The NASDAQ Composite
to 2,636.05. The Dow gained 161.29
to 11,774.59, while the S&P 500 added 16.84
to close at: 1,273.72. Oil jumped up to $101.70 a
barrel, while Gold climbed to $1,404. The VIX rose 3.03
points to close at 26.37.
While today saw a nice little pop, it was far from a turnaround. In the meantime, the UN Security Council has approved air strikes and, sub rosa, perhaps other forms of interventions to stop Qaddafi from crushing his Libyan rebels: U.N. takes on Libya: "Military strikes expected within hours, reports say. Security Council votes 10 to 0 supporting 'all necessary measures,' including no-fly zone to protect civilians and rebel forces from Gadhafi."
Oil has immediately jumped to $103 a barrel.
So far, Japan's attempts to cool their reactor have been only partially successfu.
Right now, market futures are up 0.8%.
Brett Arends writes: Ten stocks to look at in the panic, while Jonathon Burton suggests that we: Buy what's used to rebuild.