Daily Investment Interpretations

February 1, 2011

2012-2-1: (Wednesday Night): The markets leaped today: "U.S. stocks surge after economic reports from China and Europe top expectations, Greece signals progress on debt-swap talks, and latest U.S. economic indicators trigger a relatively upbeat response."; U.S. stocks rise on global manufacturing data, Stocks Advance On Data; Greece, Jobs Report Loom. The NASDAQ Composite rose 34.43 (1.22%) to 2,848.27. The Dow lost 83.55 points (0.66% to 12,716.46; the S&P 500 jumped 11.68 points (0.89%) to settle at 1,324.09. Oil fell to 97.633: Oil ends at lowest in six weeks on supply data; gold climbed to 1747: Gold closes higher on positive market sentiment. The VIX declin 0.89 points to 19.55.
    One key point: the markets have once again rebounded from the S&P  1305 level that would have marked a market reversal, However: And Now A Word From The Bear Camp: "The markets currently seem to be suffering from a bout of amnesia as players forget all problems and unpleasant economic data. This "no memory" market (which has been with us for some time now) once again appears to be focusing on only the good economic reports. Thus it ignores such items as: The surprising drop in German retail sales (-1.4% vs. est. +0.8% M/M). The record yield level touched yesterday by Portuguese 5-year notes. The data series high December Italian Unemployment Rate of 8.9%. The missed "deadline(s)" for the conclusion of Greek PSI negotiations. Etc. It also has almost no recollection of recent news items such as: Plunging housing data in China. Nearly 23% (almost ... Read More "
    Marketwatch says: 
    Why U.S. stocks could soar another 15%   
    Consumer-confidence gauge falls in January  
    The choice for gold bugs: shares or bullion 
    Jim Lowell: Fear takes on the leap year 
    Kahn: Basic materials start making noise 
    More insights: How to play markets in February 
    10 questions about the European crisis  
    Invest for short-term risk of deflation
    Private payrolls up 170,000  
    Get ready for a Greek spring surprise  
    State of the Markets articles include:   
    Technical Talk: Hold The Champagne For Now  
    My Crystal Ball Rant
    NAAIM Index Show Active Managers Slowly Increasing Exposure  
    Construction Spending Above Estimates in December      
    ISM Manufacturing Report Shows Expansion Ongoing 
    ADP Employment Report Shows 170K New Jobs in January   
    Futures Higher On European/Chinese Manufacturing Data  
    Romney Wins Florida Primary; Resumes Frontrunner Status  
    T-Bill Rates Fall at Portugal's Latest Debt Auction  
    Eurozone PMI's Show Improvement in January      
    Stocks Are Trending Higher and I'm On The Wrong Side! 
    WSJ- Greek Debt Deal Being Held Up By Germany, IMF  

    Market futures are up % tonight.