Daily Investment Interpretations

February 23, 2011

2012-2-23: (Thursday Night): The markets ended the day higher: S&P nears 10-month high; Stocks close higher on positive economic data. The NASDAQ Composite jumped 23.81 (0.81%) to 2956.98. The Dow drifted down 46.02 points (0.36% to 12,984.69; the S&P 500 lost 5.6 points (0.43%) to settle at 1,363.46. Oil leaped to 108.58: Crude oil- $108 and rising; gold moved slightly higher to close at to 1781: Great day for gold; more to come?. The VIX fell 1.39 to 16.80.
    The price of oil could derail the recovery: Price of gasoline could seal Obama’s fate. However, note Darrell Delamaide's observation that
"At some point, higher oil impedes economic growth, but we’re nowhere near that yet." Both Darrell Delamaide and State of the Markets' David Moenning agree that fears of an economic implosion are presently behind us, and that a spring rally may be upon us.

    Marketwatch says: 
    More sell signals: Oil, transports    
    Jobs-recovery story intact

    Republicans’ deficit card loses its appeal  "The issues that Mitt Romney that gave him a chance to defeat Obama — the economy and deficit — are fading, writes Darrell Delamaide."
    Trend is your friend, until it’s not  "At some point, higher oil impedes economic growth, but we’re nowhere near that yet."
      

    State of the Markets articles include:   
    Market Momentum Is Slowing (Here's Proof); Will Dow 13K Mark The End? 
    Fed Update: Fisher Says Economy Doing Better; Downplays Idea of More QE  
    FHFA House Price Index Better Than Expected in December       
    Bloomberg Consumer Comfort Continues to Improve  
    Remember, It's Not The News      
    
    Market futures are up ¼ % tonight.