Daily Investment Interpretations

June 24, 2011

2011-6-24 (Friday Night): The markets swooned again today and this time, they didn't recover: Durable-goods rebound, GDP revised upward, Stocks: No summer love. The NASDAQ Composite dropped 33.86 points (-1.26%) (about as much as it lost yesterday) to 2,652.89. The Dow tumbled 115.42 points (-0.96%) to close at 11,934.58; the S&P 500 lost 15.05 points (-1.17%) 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 rose 1.81 to 21.10.
    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.