Daily Investment Interpretations
September 14, 2011
The market indices climbed today for the third day in a row::Grecian formula fuels rally,
Stocks Romp on Improved Sentiment.
Composite advanced 40.4
points (1.6%) to
close at 2,572.55.
The Dow added 140.88
at 11,246.73; the S&P 500 rose 15.81
to settle at 1,188.68. Oil slipped to $88.61:Crude oil declines on European worries
gold eased to 1,822: Gold trades lower but holds $1,800 level.
The VIX dropped 2.31`points to
Dtate of the Markets' Technical Talk: Reaching An Inflection Point. State of the markets has been treating current action as a range-bound basing process prior to resuming market expansions. However, this article observes that with everything depending upon the news as it does, we could instead be facing an additional pullback.
Another State of the Markets article observes: Don't Look Now, But Some Big Names Are De-Risking Again
Amid the news:
Moody's Downgrades Two French Banks
IMF's Lagarde Says Resources To Fight Crisis are Practically Infinite
EU's Barroso Says Euro Bonds Coming Soon
EU Industrial Production Below Expectations in July
Sarkozy: France Will Do Everything to Save Greece
Premier Says China May Expand Investment in Europe
PPI Unchanged In August
Retail Sales in U.S. Unchanged in August
Business Inventories for July a Tenth Light
NAAIM Survey Shows Active Managers Remain Cautious
Investor's Intelligence Shows Bullish Sentiment Still Falling
Market Mover: Austria Can't Approve EFSF Change
China Will Help Europe, But There's a Catch
Merkel, Sarkozy, and Papandreou Stand Together After Call
As mentioned above: U.S. economy in word: flat.
On this tenth anniversary of the ENRON crisis, Mark Hulbert deals with the theme of stock analysts whitewashing every company's stock. He compares Wall Street analysts with newsletter editors. Wall Street analysts have a BUY or BUY/HOLD on 75% of the stocks on the S&P 500, with a SELL recommendation on 0.08% Od all stocks, and a weak HOLD on 4.2% of them. And this is shocking. His investment newsletter editors have no such problem, issuig as many SELLs as BUYs.
One article mentions: The opportunity of a lifetime —in Europe.
Market futures are neutral tonight.