Daily Investment Interpretations
January 27, 2011
(Friday Night): The
markets have been quite divergent today : Dow breaks 3-week winning streak;
. The NASDAQ Composite regained 11.27
to 2,816.55. The Dow lost 74.17
the S&P 500 gave back 2.1 points
to settle at 1,316.33. Oil inched up to 99.83: Oil ends 0.1% lower; gasoline at best since August;
to 1710: Gold up on safe-haven buying.
The VIX fell 0.04
points to 18.53.
The markets have made another expected pullback on less-favorable news. Today's less-favorable news was that 4th-quarterGDP came in at 2.8% instead of the expected 3.1%, and Ford's results were disappointing; Ford Profits Miss Expectations, Stock Takes a Dive.
Now is the time to panic Cody Willard notes that nothing about the Eurozone has changed from where it was two months ago. We were panicked then; we're not now. From a contrarian point of view, now is the time to panic ("Be fearful when others are greedy, and greedy when others are fearful.")
Fitch downgrades Italy, Spain and Belgium
Economic recovery is still threatened
Lackluster GDP growth
Gold ETF looks like a sell "A number of internal indicators which flashed a "buy" signal a month ago now appear to be pointing in the opposite direction."
Traders are selling crude to buy gasoline
White House extends help on foreclosures
CEO Cook 'outraged' over supplier-labor issues
Financial stocks recover on Obama foreclosure plan
Hopes rise for Greek deal
Geithner to Europe: Build a bigger firewall
German official begs to differ with Geithner
Brett Arends writes: Will 2012 be the year of the contrarian? "Conventional wisdom is there to be overturned. When everyone is betting one way, the shrewd move is often to look for opportunities to go the other way. Everyone still hates the euro, European equities, and Japanese equities. They love U.S. stocks. They hate bonds, and like equities. Hardly any investors own any gold. Make of it what you will."
State of the Markets articles include:
Technical Talk: Pullback Proving A Mixed Bag
U.S. GDP Grew By +2.8% in Q4, Below Analysts Expectations
Report: Portugal Next On Debt Restructuring List
Fitch Lowers Ratings on 5 European Countries
University of Michigan Sentiment Above Expectations
Let's Get Sentimental
Greece Leaving Eurozone Still An Option