Daily Investment Interpretations

August 22, 2011

2011-8-22: (Monday Night): Market indices ended today flat to slightly higher: Stocks' first gain in days, A Step In The Right Direction, But.  The NASDAQ Composite gained 3.54 points (0.15%) to end at  2,345.38. The Dow added 37 points (0.34%) to close at 10,854.65; the S&P 500 inched up 0.29 points (-1.5%) to settle at 1,123.82. Oil rose to $84.29: Libya oil won't be back online quickly; gold leaped again to 1,910: Gold's next level: $1,900. The VIX inched down 0.61 points to 42.44
    State of the Markets Technical Talk: Both Teams Being Tested
    Chicago Fed National Activity Index Says No Recession (Yet), Chicago Fed's July index shows improvement  
    Goldman Sachs Joins Downgrade Parade; Cuts GDP Forecast  This is interesting. Goldman Sachs has just cut its forecast for U. S.' GDP to 1% and 1.5% from the 2% forecast it issued earlier this year because the U. S. economy is "losing additional momentum".
    Other than this, there isn't a lot of news tonight.
    Market futures are up more than % tonight.