Daily Investment Interpretations
February 21, 2011
(Tuesday Night): The
markets ended the day mixed: Stocks
stay close to highs; Stocks
Stall at Dow 13,000. The NASDAQ Composite declined 3.21
to 2,948.57. The Dow limped
the S&P 500 gained 0.98 points
to settle at 1,362.21. almost tying its April, 2011 high of 1,363. Oil
ended at 106.10: Oil
rallies 2.5% on Iran tensions, Greek deal; gold moved slightly higher to
close at to 1758: Gold
ends at highest level in more than two weeks. The VIX fell 0.45
points to 18.23.
The markets marked time today (but the price of oil is continuing to ratchet upward).
Greek deal fails to dispel growth worries "Rising fears that added layers of austerity will undercut growth threaten to overshadow investor relief over pact."
Greek bailout not the rescue it seems: Darrell Delamaide
Anyone's guess what comes next
U.K. directors see possible euro-zone demise
Do the bulls like Iran, consumers?
MarketWatch in depth: The euro crisis
Lagarde sticks neck out "IMF chief bets big that second Greek bailout will work."
Mark Hulbert advises: Donít sell a dull stock market short.
State of the Markets articles include:
Greece Update: The Bailout Deal Finally Gets Done, But
Lessons Learned, Strategies Employed
Yields Plunge At Spanish Bill Auction
Oil Surges Above $105 While Investors Eye Greek Deal
Japan and China Will Lend a Hand to Eurozone Debt Crisis via International Monetary Fund
China Cuts Bank Reserve Requirement Ratio to Stimulate Economy
Money May Be Leaving But PIMCO's Bill Gross Is Not
Market futures are flat tonight.