Daily Investment Interpretations

February 10, 2011

2012-2-10: (Friday Night): The markets ended significantly lower  today: Stocks break five-week run; Stocks close out week with modest declines. The NASDAQ Composite backed up 23.35 (-0.8%) to 2,903.88. The Dow subtracted 89.23 points (-0.69% to 12,801.23; the S&P 500 lost  9.31 points (-0.69%) to settle at 1,342.64. Oil adjusted to 99.05: Oil lower, too; gold slipped to 1725: Gold drops on Greece delay. The VIX rose 2.16 points to 20.79.
    Why the losses? The Greek deal, which was treated yesterday as a "done deal", wasn't: Greek deal? Maybe next week. Then, too, the markets are quite overbought after their big January-February run-up. So if you own the Wall Street Journal, Barron's, and MarketWatch, is it time to amp up the bad news and make money off your readers by shorting the market? Good question?
    Marketwatch says: 
    Mark Hulbert explains that Stocks up, but so is fear (video).   
    Mark also tells about: The Bernanke gold trading strategy.  
    Thomas Kee reminds us that: Macro problems not going away 
    We're one headline from a 5% fall  
    5 pros' worst-case plays  
    How bull markets become bubbles  
    Rex Nutting says that Heritage is wrong about welfare state.   
    State of the Markets articles include:   
    Technical Talk: Two Items Worth Noting  
    It's Sooo Tempting  
    S&P Strikes Again; Downgrades 34 Italian Banks       
    University of Michigan Sentiment Below Expectations  
    In My Opinion: Austerity Is Great - Just Not Here!  
    Eurozone Finance Ministers Reject Greek Austerity Proposal, Make New Demands