Daily Investment Interpretations
August 22, 2011
Market indices ended today flat to slightly higher: Stocks' first gain in days,
A Step In The Right Direction, But.
Composite gained 3.54
points (0.15%) to end at 2,345.38.
The Dow added 37 points (0.34%)
at 10,854.65; the S&P 500 inched up 0.29
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
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 ½ % tonight.