Daily Investment Interpretations
July 28, 2011
(Thursday Night): More
of the same: Dow sinks for fifth session,
Market Wrap- Same Song, Different Day.
points (0.05% ) to end the day at 2,766.25. The Dow
at 12,240.11; the S&P 500 gave way 4.22
to settle at 1,300.67. Oil closed down slightly at $97.19;
gold climbed to 1,617. The VIX climbed 0.76
The key issue remains the deadlock in Washington: No Seriously, August 2nd is the Deadline..
TopStock Portfolios had this opening analysis by David Moenning: As Expected?, followed by Technical Talk: Time to Do Less And Wait, An Update On the 4-D Debate in D.C., Underground Trader: We Are All Thinking The Same Thing, Pending Home Sales Up Nicely In June, Debate Update- Stopgap Measure Being Considered, Credit Suisse Handicaps the Scenarios, House Postpones Vote on Boehner Plan, El Erian: Debt Debacle Intensifies Economic Headwinds, and House Calls Off Vote on Boehner Plan; Futures Drop.
Meanwhile, there'sWhiff of GDP stagflation, 5 tips for surviving a murderous market, Weak Treasury auction sparks debt worries, 5 tips for surviving a murderous market, and Weak Treasury auction sparks debt worries.
Market futures are down another 0.8% tonight.