Daily Investment Interpretations
February 16, 2011
(Thursday Night): The
markets rose smartly today: Stocks surge upward,
Nasdaq hits decade high; stocks close up 1%;
Bulls Push Higher on Positive Data, Expectations For Greek Deal. The NASDAQ Composite
to 2,915.83. The Dow vaulted 123.13
the S&P 500 gained 14.81 points
to settle at 1,358.04. almost tying its April, 2011 high of
1,363. Oil ended at 102.43: Oil ends at six-week high on positive data; gold
moved slightly higher to close at to 1733: Gold ends higher, stages last-hour comeback.
The VIX fell 1.92
points to 19.22.
The markets rose today on a lot of good news.
Jobless claims fall to nearly four-year low
Philly Fed index hits four-month high in February
January housing starts rise 1.5%
Delinquencies, foreclosure starts drop: MBA
Sometimes risk is not taking a risk
EU faith in Greece is shaky
ECB swaps out Greek bonds
European banks are hemorrhaging profits (video)
Rex Niutting writes on Our prolonged employment gap.
Mark Hulbert warns concerning The low number of new highs.
Matthew Lynn suggests that we Invest in the European countries with low debt.
And Peter Brimelow notes: Residential real estate not rebounding.
Darrell Delamaide suggests that Hollande may correct balance in euro debate.
State of the Markets articles include:
Technical Talk: Bulls On Hold
Greece Update: Debt Swap Deal To Be Approved Over Weekend
Philly Fed Index Above Expectations in February
Bloomberg Consumer Comfort Continues to Improve
PPI Below Expectations in January; Core Hotter
Housing Starts and Building Permits Better Than Consensus
Weekly Jobless Claims Continue To Improve
Spanish Bond Auction Constructive
What's The Definition of 'Linsanity'?
Market futures are up slightly tonight.