Daily Investment Interpretations
May 16, 2011
2011-5-16 (Monday Night):
The markets fell again today as the dollar rose against the Euro. The NASDAQ Composite
at 2,782.21. The Dow lost 47.38
to close at 12,548.37, while the S&P 500 retreated
8.3 points (-0.62%)
to close at: 1,329.47. Oil dropped to $96.95;
Gold slipped to $1,491.
The VIX climbed 1.17 to 18.24.
One factor may have been the arrest of the International Monetary Fund's Dominique Strauss-Kahn on sexual assault charges.
Stock market futures are down again tonight, presaging another bad day tomorrow. However, so far, the market indices are still comfortably above their 50-day moving averages.
TopStock Portfolios observes that with the markets held hostage to hedge-fund computer games, it's hard to know what's really going on in the underlying markets.