Daily Investment Interpretations
January 13, 2012
(Friday Night): The
markets corrected today: Stocks
halve worst losses Stocks
slump on eurozone downgrade fears. The NASDAQ Composite added 14.03
to 2,710.67. The Dow declined 48.96
the S&P 500 skidded 6.41 points
to settle at 1,289.09. Oil dropped to 99.03: Trouble
spots fuel oil prices; gold fell $3 to
gold may be losing its luster for investors in 2012.
The VIX rose 0.44
points to 20.91.
Euro-zone ratings hit skids. The only European country that still has a triple-A rating is Germany.
S&P late, but not wrong, on moves
What markets are missing in Europe What Cody Willard believes they are missing is the fact that European investors are willing to pay a (very slight) negative interest rate on German bonds because they're more concerned about the return of their principal than they are about keeping up with inflation. Mr. Willard says (as of this morning) that the markets have yet to reflect this anxiety.
The fall of France
State of the Markets articles include:
Technical Talk: Can the Bears Gain Some Traction Here?
Video Update: Weekly Market Summary
S&P Makes It Official By Downgrading Nine Eurozone Countries; Germany Spared
Greek Debt Swap Talks End on Friday; No Deal Made
University of Michigan Sentiment Above Expectations
Is The Game Finally Changing?
U.S. Trade Deficit Expands to $47.8 Billion in November
Import and Export Prices Fell in December
Buffett Calls Republicans, McConnell Out; Will Match Excess Tax Contributions
ECB Deposits Hit Another Record High
Italian Bond Auction Sees Rates Continue to Decline