Daily Investment Interpretations
May 25, 2011
(Wednesday Night): The
markets rose somewhat today. (They were oversold short-term.) The
NASDAQ Composite rose 15.22
to close at 2,761.38. The Dow gained 38.45
to close at 12,394.66,
while the S&P 500 added 4.19
to close at 1,320.47. Oil popped to $101.82; Gold
ended up at $1,528. The VIX fell another 0.75
At least one TopStock Portfolio expert expects to see further weakness in the stock market indices: Market Wrap: Stocks Snap Losing Streak on Window Dressing.
Michael Ashbaugh adds: S&P 500 survives test of major support.
In What the insiders are telling us about stocks, Mark Hulbert notes that corporate insiders consider the current doldrums as part of a correction in an ongoing bull market. I would add that the markets haven't pulled back much in the face of quite a bit of bad news.
Market futures are flat tonight.