Daily Investment Interpretations

February 16, 2011

2012-2-16: (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 declined 44.82 (1.55%) to 2,915.83. The Dow vaulted 123.13 points (0.96$ to 12,780.95; the S&P 500 gained 14.81 points (1.1%) 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.
    Marketwatch says: 
    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.