Daily Investment Interpretations
March 16, 2012
(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
to 13,232.62; the S&P 500
advanced 1.57 points
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
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!
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.