Daily Investment Interpretations

March 19, 2012

2012-3-19: (Monday Night): The market indices moved up again today: Nasdaq leads Street gains; Stocks Higher on AAPL Dividend, M&A Activity. The NASDAQ Composite sidled down 23.06 (0.75%) to end at 3,078.32. The Dow minced up 6.51 points (0.05% to 13,239.13; the S&P 500 advanced 5.58 points (0.4%) to settle at 1,409.75. Oil jumped to 107.16:Oil ends at a two-week high on dollar, optimism; gold ended at 1657: Gold ends higher as bargain hunting ensues. The VIX rose 0.57 to 15.04.
    The market indices resumed their rise today, probably as bond money begins to flow into the stock markets: Treasury yields hit highest since September. The bull market in bonds has been predicated on slowly falling interest rates. Now, interest rates appear to be rising, as optimism trumps fear among big bond buyers.

    Marketwatch says: 
    Use oil to fuel your portfolio
    What's pushing oil higher  
    Michael Gayed asks: Is the homebuilders bottom for real? 
    Canadian Solar says cheaper solar panels help U.S 
    Industrial output flat   
    David Marsh says Germany’s export feast is over.   
    Peter Brimelow writes about China’s hard landing.
      
    State of the Markets articles include:   
    Technical Talk: Bears Will Need a Catalyst
    Are You a Market Environmentalist?  "If you want to be consistently successful in manging the bucking bronco that is the stock market, the first step is to identify the market's current environment. The means identifying the type of ... Read More »"
    The Wait is Over: Apple to Pay Quarterly Dividend And Institute Share Buyback  "The long wait is over as Apple announced Monday that the company will institute a quarterly dividend of $2.65 per share (which would equate to a dividend yield of approximately 1.8%) beginning in fiscal Q4. In addition, the company announced that it has authorized a share buyback program of $10 billion. The company said that it plans to spend a portion of its cash hoard, estimated to be near $100 billion. The “King of Cool” said Monday that it plans to utilize approximately $45 billion of its domestic cash over the first three years of the dividend and stock buyback programs. “We have used some ... Read More »"
    NAHB Hombuilder Confidence Index Holds Steady at Four-Year Highs
    Credit Default Swaps on Greek Debt to Settle Monday
    Nobody Really Knows Nothin' in Ms. Market's Game
    
    Market futures are flat tonight.