Daily Investment Interpretations
May 23, 2011
(Monday Night): Whew! The
stock market dove today on S&P downgrades of .Italian and Spanish debt, and
a falling Euro: Italy, Spain trigger fears,
Stocks skid on renewed worries about Europe,
and U.S. stock indexes hit by global concerns.
The NASDAQ Composite plummeted 44.42
to close at 2,758.90. The Dow plunged 130.78
to close at 12,381.26,
while the S&P 500 lost another 15.9
to close at 1,317.37. Oil retreated to $97.12; Gold
jumped to $1,501. The VIX rose 0.84
The markets were down today on a rising dollar brought on by global worries. TopStock Portfolios warns of a possible downshift in the stock markets, although they're best guess is that it will pop once more before retreating: Are The Winds Shifting? Other TopStock articles include: Market Wrap: Stocks Struggle with Signs of Weak Global Growth, The Latest on the European Debt Mess, Chicago Fed National Activity Index Falls in April, Eurozone Elections Creating Concerns About Bailout Programs, Eurozone PMI's Below Expectations in May, S&P Reduces Italy's Debt Rating Outlook, PIGI'S Update: Norway Stopping Aid to Greece, Bundesbank Says German Economic Growth Will Slow, and Equity Funds See Outflows For Second Consecutive Week.
Gas prices still choke consumer spending
Reagan insider: GOP destroyed U.S. economy, Part 2
Willard Cody advises his subscribers that they should be the bearish grain.
Market futures are neutral tonight.