Daily Investment Interpretations
September 16, 2011
The market indices made it five in a row today: Dow rises every day of the week, up 517 points.
Composite advanced 15.24
points (0.58%) to
close at 2,622.31.
The Dow added 75.91
at 11,509.09; the S&P 500 rose 6.9
to settle at 1,216.01. Oil fell to $87.90: Oil adds to losses
Plan to recalculate oil benchmark irks traders;
gold ascended to 1,815 The VIX dropped 0.99`points to
State of the Markets Technical Talk: A Tale of Two Tapes.
In other State of the Markets news:
European Governments Considering TALF (Troubled Assets Loan Facility) Approach to Help Thwart Crisis,
Economists Say Odds of U.S. Recession Rising
University of Michigan Sentiment Above Expectations in September
Rumor Mill: Italy Downgrade Imminent
China is Interested in Biofuels - Why Not the West?
Moody's Keeps Italy Rating Under Review
Marketwatch has articles tonight on:
Charting inflation, manufacturing and real estate, and from Howard Gold:
Lehman Brothers II crisis is coming soon. I found this to be an interesting, thoughtful article. It mentions that credit default swaps on Greek sovereign debt "indicate a 92% chance of default". Mark Hulbert's article tonight is entitled::
What market timers learned from Lehman. This article observes that traders and market analysts absolutely missed the post-Lehman stock market debacle... and those few who did foretell what was to come were permabears.
And that's about it for this Friday night.