Daily Investment Interpretations

February 21, 2011

2012-2-21: (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 (-0.11%) to 2,948.57. The Dow limped up 15.82 points (0.12% to 12,965.69; the S&P 500 gained 0.98 points (0.07%) 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).

    Marketwatch says: 
    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.