Daily Investment Interpretations
September 6, 2011
(Tuesday Night): Market
indices opened sharply lower but regained most of their losses by the end of the
day Dow tumbles triple digits for third straight session,
Recession Fears Allayed; Bulls Stay Course.
Composite fell 6.5
points (-0.26%) to
close at 2,473.83.
The Dow lost 100.96
at 11,139.30; the S&P 500 slid 8.73
to settle at 1,165.24. Oil fell to $86.44;
gold closed at 1,876: Gold ends the day lower.
The VIX gained 3.08`points to 37..
Michael Ashbaugh's column is entitled: S&P and Nasdaq fail their tests
State of the Markets reports:
Eurozone GDP Reported at +1.6% in Q2
ISM Non-Manufacturing Index Above Expectations in August
Germany's Industrial Orders Below Expectations
State of the Markets' Curt Bergquist reports on the fact that for the first time, the general public is being exposed to what actually goes on in Washington: If You Ever Saw How Sausage Was Made. One problem here is that the public is as polarized as our political parties regarding what the role of government should be regarding intervention in a fallen economy (although I don't remember the public squaring off this way during the years from World War II to 2007 when the Fed balanced growth against unemployment while holding down inflation).
Market futures are up about ½ % tonight.