Daily Investment Interpretations

July 25, 2011

2011-7-25: (Monday Night):  The indices closed lower tonight, as the default deadline moves ever closer: Market Wrap- Stocks Slide As Debate Heats Up, Debt fears rattle Street. The NASDAQ Composite fell today 16.03 points (00.56% ) to end the day at  2,842.88. The Dow subtracted 88.36 points (-0.7%) to close at 12,592.80; the S&P 500 dropped 7.53 points (-0.56%) to settle at 1,337.43 Oil closed down slightly at $99.49; gold climbed to 1,617. The VIX was unchanged at 19.35.  
The key issue remains the deadlock in Washington: Two New Deficit Plans Presented With Clock Winding Down.
    TopStock Portfolios had this opening analysis by David Moenning: No Deal, Seriously?, followed byTechnical Talk: Bulls Get Benefit of Doubt So Far, and Chicago Fed National Business Activity Index Subpar.  
    Mark Hulbert writes Stocks as safe haven in event of default.
    Irwin Kellner's article, The Fed should twist again, argues for a more stimulative federal olicy if we're to avoid the mistakes of 1937.
    Here's a tongue-in-cheek article by Paul Farrell: Pity the Super Rich, miserable lost souls.