Daily Investment Interpretations
January 30, 2011
(Monday Night): The
markets dipped today on soaring bond yields in Portugal, Portugal yields soar,
and then largely recovered as dip buyers moved in : Losses go from big to small;
Bears Rebuffed as Dip Buyers Remain Active
. The NASDAQ Composite fell 4.61
to 2,811.94. The Dow lost 6.74
the S&P 500 gave up 3.32 points
to settle at 1,313.01. Oil inched down to 98.92: Oil
falls as euro-zone woes spur demand concerns;
to 1732: Gold ends a buck lower on rising dollar.
The VIX rose 0.87
points to 19.40.
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.
U.S. banks tighten lending to European banks
Greece and 'firewalls' overshadow EU summit
Warning signs of a correction
Europe outlook: EU summit
U.S. outlook: earnings
Gold bull methodically takes profits
David Marsh writes that European countries revert to form.
Treasurys jump, 5-year yield hits a record low
State of the Markets articles include:
Yields, CDS Spike Higher in Portugal as Greek Debt Talks Drag On
Philly Fed's Plosser Says Rate Increase Could Come Sooner
Is There A Hole In The Thesis?
Personal Income Up +0.5% in December, Spending Unchanged
Eurozone Confidence Indices Improve Modestly in January
Yields Continue To Fall at Italian Bond Auction
Quotable Quotes and Notable Notes From The Week That Was
Market futures are up slightly tonight.