Daily Investment Interpretations
February 29, 2011
(Wednesday Night): The
markets retreated somewhat today today: Dow reclaims 13,000;
Stocks Lower on Dampened Expectations for Further Easing, Falling Euro.
The NASDAQ Composite declined 19.87
to 2,966.89. The Dow fell 53.85
the S&P 500 lost 6.5 points
to settle at 1,365.68. Oil fell back to 106.87: Oil gains 9% in Feb;
gold dove to 1698: Gold tumbles on Fed talk.
The VIX fell 0.47
The markets are continuing to slowly work their way up.
Matthew Lynn observes that Central banks provide, oil markets take away.
Rex Nutting writes:Economy still hobbled by housing, high debts.
Mark Hulbert explains Why it took the Dow so long to eclipse 13K.
Al Lewis writes Grantham wonders if Marx was right after all.
Irwin Kellner notes that As the song says, Greece is the word
Greece eyes EU funds for short-term growth
Bernanke: Fed's getting mixed signals
ECB allots $713.4 bln
Europe’s LTRO rally may have legs
State of the Markets articles include:
ECB's LTRO Sees Banks Borrow Record Amounts of 3-Year Funds
U.S. GDP Revised Higher For Fourth Quarter
Economic Update: Fed's Beige Book
Highlights From Bernanke Testimony
Chicago PMI Comes In Above Expectations
It's About Confidence
Market futures are neutral tonight.