Daily Investment Interpretations

March 16, 2012

2012-3-16: (Friday Night): The markets indices backed and filled today after yesterday's run-up: U.S. stocks end session mostly lower; up for week; Stocks close mixed at the end of a strong week. The NASDAQ Composite sidled down 1.11 (-0.04%) to end at 3,055.26. The Dow sagged 20.14 points (-0.15% to 13,232.62; the S&P 500 advanced 1.57 points (0.11%) to settle at 1,404.17. Oil jumped to 107.16:Crude above $107 a barrel, reducing weekly loss; gold ended at 1657: Gold ends lower, logs 3.3% weekly loss. The VIX rose 0.95 to 14.47.
    The market indices consolidated today after yesterday's advance, but they ended the week above their resistance levels of 14,000 on the Dow, 3,000 on the NASDAQ, and 1,400 on the S&P 500. And now...finally... money is beginning to flow out of the bond market and into the stock market. Hang on tight!

    Marketwatch says: 
    Michael Ayed observes that Scared money gets even more scared
    Consumer mood sputters
    Retail sales rise while real incomes fall 
    Consumer prices rise  
    Industrial output flat   
    Kathleen Madigan: Rate rise won’t kill recovery  
    Fed's Evans supports more easing despite data  
    Jon Markman points out What the U.S. could learn from Mexico  
    Mark Hulbert predicts New stock market highs by fall  
    State of the Markets articles include:   
    Technical Talk: Bulls Have Earned Some Respect
    Video Update: Weekly Market Summary   "Our latest video segment focuses on the week that was. And what a week it was as the major indices moved up to multi-year highs. The primary driver of the rally was the fact that the banks passed the ... Read More »"
    University of Michigan Sentiment Update
    Industrial Production and Capacity Utilization Update
    It's About More Than Smarts  "There are an awful lot of very smart people with degrees from Ivy league institutions on the wrong side of the trend these days. The key takeaway is that this game is about a lot more than just ... Read More »"
    CPI Report Shows Inflation Remains Modest
    Apple Releases New iPad; Sees Targets, Valuations Hiked  
    IMF Approves Greek Bailout But Reservations Remain  
    And that's about it for the week. Hope you have a good weekend! (The market's probably going to continue to rise for a while as bond money shifts to stocks until the institutional money influx ebbs.