Daily Investment Interpretations
June 24, 2011
(Friday Night): The
markets swooned again today and this time, they didn't recover: Durable-goods rebound, GDP revised upward,
Stocks: No summer love.
Composite dropped 33.86
(about as much as it lost yesterday) to 2,652.89. The Dow
at 11,934.58; the S&P 500 lost 15.05
to end at 1,268.45. Oil slipped to $91.28: Regulators looking into oil reserve-release leak; Gold plunged
again to $1,503: Gold's June bugs its bulls. The VIX
U.S. too big to fail, right? This title is self-explanatory.
New recession begins next year: Shilling Notice the distinction between "Shiller" and "Shilling". Shilling is a permabear.
Shiller: Recession Is Substantial For U.S
Mark Hulbert notes that Betting on last six months’ momentum isn't a winning strategy The markets are still up for the first half of the year, but there's no meaningful correlation between their first-half performance and their second-half performance.
The good news today was: Durable-goods rebound, GDP revised upward.