Daily Investment Interpretations
September 1, 2011
(Thursday Night): The
bulls ran out of oomph today: Stocks trip ahead of jobs,
Stocks Pull Back in Front of Jobs Report.
Composite fell 33.42
points (-1.3%) to
close at 2,546.04.
The Dow lost 5119.96
at 11,493.57; the S&P 500 rose 14.47
to settle at 1,204.42. Oil rose to $88.78;
gold remained at 1,827: Gold settles modestly lower as dollar rises.
The VIX gained 0.2`points to 31.82.
After this morning's commentary, Has The Insanity Ended?, the State of the Markets articles tonight include:
Weekly Jobless Claims Update
Nonfarm Productivity Down, Unit Labor Costs Up
Bloomberg Consumer Comfort Index Pulls Back
ISM Manufacturing Report Stays Above 50 - Surprises Analysts
Construction Spending in U.S. Weaker Than Expected in July
Goldman Cuts Estimate for August Nonfarm Payrolls
White House Projects Budget Deficit of $1.3 Trillion
Fed's Announce Enforcement Actions Against Goldman Sachs
Goldman: The Worlds' Going To Heck In a Handbasket - Here's How To Play It
Market watch had just a few comments:
Five things that drive economists crazy about the jobs report
Counter-trend rally in September?
Basically, the idea is that it's still not safe to jump on the bulls' bandwagon.
Stock market futures are down about ½ % tonight.