Daily Investment Interpretations
May 4, 2011
(Wednesday Night): The
markets fell again today, though they haven't yet violated support. The NASDAQ Composite
at 2,828.23. The Dow drooped 83.93
to close at 12,723.58, while the S&P 500 lost
9.3 points (-0.69%)
to close at: 1,347.32. Oil dropped a little to $108.55;
Gold fell back to $1,533.
The VIX rose 0.38
Between Amber and car trouble, I've had no time for typing again today.
My intuitive feeling is that there isn't enough fear and contemplation of economic disaster yet to warrant an imminent rise in the stock market. It's going to take the anticipation of financial ruin to build a contingent of short sellers who can be sucker-punched by a surge in the markets.
Michael Ashbaugh writes about: Strong charts vs. weak season.
Irwin Kellner tells us about The Fedís impossible dream.
Stock trading snafu should worry investors
Hulbert: Partying like it's 1999 and Funny thing happened on way to bank.
Fed's Williams: Inflation will ease later this year