Daily Investment Interpretations

January 20, 2012

2012-1-20: (Friday Night): The markets closed mixed today, with the Dow up 96.5 points and the NASDAQ down 1.63 points.: 3-week streak for marketsVideo Update: Weekly Market Summary. The NASDAQ Composite added 1.63 (-0.06%) to 2,786.70. The Dow gained 96.6 points (0.76% to 12,720.48; the S&P 500 tiptoed 0.88 points (0.07%) to settle at 1,315.38. Oil slipped to 99.39; gold rose to 1667. The VIX dropped 1.59 points to 18.28.
    As usual on a Friday night, there isn't much being written. But the take-it-to-the-bank news is that institutions are liking what they see concerning the performance of the U. S. economy:
Doll, Hyman: Europe in Recession But U.S. Economy Will Surprise to Upside, and are nibbling their way back into the stock  market.  

    Marketwatch says:  
    Howard Gold presents: Shilling: New global recession is here  
    Mark Hulbert tells us about Exploiting munis’ abnormally high yields.  
    Google hits the ceiling in search 
    Week in Charts: The L-shape housing market  
    30-year, fixed-rate mortgage at record low     
    Charles Sizemore says: 'Presidential Cycle' is nonsense.  
      
    State of the Markets articles include:   
    Bridgewater Sticking With Bearish Global Macro View (But Likes U.S. Stocks)  
    China's HSBC Flash PMI Inches Forward; Suggests Additional Stimulus Forthcoming  
    Market futures are neutral tonight.