Daily Investment Interpretations

January 4, 2012

2012-1-4: (Wednesday Night): The markets closed flat: Stocks ring up on sales, Stocks Pause in Front of Jobs Report. The NASDAQ Composite inched down 0.36 (-0.01%) to 2,648.36. The Dow tacked on 21.04 points (0.17% to 12,418.42; the S&P 500 minced up 0.24 points (0.02%) to settle at 1,277.30. Oil worked its way higher to 103.45: Oil closes at 8-month high; gold hiked up to 1,613: Gold basks in renewed safe-haven demand. The VIX lost 0.75 points to 22.22.
    "Evidence of solid shopping numbers after the holidays and healthy car sales assuage concerns about Europe's debt troubles."
    Marketwatch says:  
    Mark Hulbert tells us How to play the January Effect. (Only the smallest stocks show a January effect.) 
    Romney’s overfocused on deficit: Delamaide  Darrell Delamaide echoes the same theme that Rex Nutting and Dr. Irwin Kellner have sounded.   
   
Oil prices will never fall again.
    Europe bonds now face crucial test  
    Europe at the Brink (video) 
    Latest threat to Greece debt deal (video)  
    Spain banks to set aside €50B on bad debt: FT 
    Should you buy Wall Street’s top stocks?  
    Hungary’s unpredictable government sparks selloff  
    Big jump for U.S. automobile sales  
    When could the Fed do QE3?  
    Why you will fail in 2012  
    Retailers’ likely December sales may come at cost  

    State of the Markets articles include: 
    Technical Talk: More Art Than Science Right Now  
    Do The Bulls Have a Case?
    Eurozone Bank Fears Return As ECB Deposits Hit New Record High   
    Factory Orders Rose +1.8% in November  
    China's Wen Jiabao Says Business Conditions 'Relatively Difficult'  
    NAAIM Index Show Active Managers Increasing Exposure  
    Investor's Intelligence Data Shows Sentiment Neutral   
    Germany's Bond Auction Deemed Underwhelming  
    Yields Pull Back at Portugal Bond Auction  
    Hungary Cancels Bond Auction Due to Yield Levels  
      
    Market futures are neutral tonight.