Daily Investment Interpretations
February 1, 2011
(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
to 2,848.27. The Dow lost 83.55
the S&P 500 jumped 11.68 points
to settle at 1,324.09. Oil fell to 97.633: Oil ends at lowest in six weeks on supply data;
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 »"
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 ¼ % tonight.