Daily Investment Interpretations

February 2, 2011

2012-2-2: (Thursday Night): The markets ended the day essentially unchanged: U.S. stocks tepidly up ahead of jobs report, . The NASDAQ Composite rose 11.41 (0.4%) to 2,859.68. The Dow lost 11.05 points (-0/09% to 12,705.41; the S&P 500 sidled up 1.45 points (0.11%) to settle at 1,325.54. Oil fell to 95.58: Oil near six-week low on demand worries; gold climbed to 1761: Gold at best in 11 weeks; copper gives back gains. The VIX declined 0.57 points to 17.98.
    Michael Gayed's chart: VIX serves warning on the bears, points toward a bullish current, and near-term-market future performance, although the greater part of the move appears to have already been made.
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    Marketwatch says: 
    Nyaradi: Has the bull hit the wall?  John Nyardi lists some cogent reasons why the current run-up may be ready for a temporary pullback. 
    Bernanke's 'armistice' call  
    Bernanke urges congressional action on deficit 
    Central banks may face Greek haircut losses 
    Russell's run is not sustainable
     
    Brett Arends quotes Jim Grant, who says that Gold is the future; forget paper money  
    Productivity growth slows
    Private payrolls up 170,000  
    Get ready for a Greek spring surprise  
      
    State of the Markets articles include:   
    Will Slow and Steady Win The Race?  
    Bernanke's Thoughts on Economic Outlook, Federal Budget
    Bloomberg Consumer Comfort Improves in January  
    Worker Productivity Up in Q4; Costs Above Expectations     
    Weekly Jobless Claims Continue To Improve; Down 12K 
    China's Premier Pledges Support For Small Businesses   
    Challenger Planned Job Cuts Surge in January  
    Yields Pull Back at French OAT Bond Auction  
    Yields Down at Spanish Bond Auction  
   
    Market futures are flat tonight.