Daily Investment Interpretations

March 1, 2011

2012-3-1: (Thursday Night): The markets indices rose by varying amounts today today: S&P 500 gains 8 points to 1,374; Positive economic signals send stocks higher; Stocks Finish Higher Despite Weak ISM Manufacturing Data, Headlines/ The NASDAQ Composite advanced 22.08 (0.74%) to 2,988.97. The Dow rose 28.23 points (0.22% to 12,980.30; the S&P 500 gained 8.41 points (-0.62%) to settle at 1,374.09. Oil surged to 109.23: Crude oil surges past $110; gold advanced to 1721: Gold selloff risks halt to buying spree. The VIX fell 1.17 to 17.26.
    The markets are continuing to slowly work their way up. 

    Marketwatch says: 
    The best market timers are bullish
    U.S. 5-year yields touch 2012 highs  
    Disposable income at 2007 levels.  
    Wage gains lift incomes by 0.3% in January.
    U.S. jobless claims little changed at 351,000

    Bond bubble, toil and trouble 
    January construction spending slips 0.1%
    30-year mortgage rate falls to 3.90%  
    Rex Nutting: Housing belies U.S. recovery (video)  
    Increased fees mask real mortgage costs (audio)  
    Manufacturing expansion slows in February  
    Michael Gayed writes: Europe's rally may have legs.  
    Michael Ashbaugh writes: Gold selloff risks halt to buying spree.  
    Mark Hulbert advises us that The best are bullish, the worst are not.  
    Kevin Marder writes: The risk trade turns weak   
    Pivot points  "March has a recent history of sharp market turns. Will this year be different? MarketWatch's experts look at charts and signals across a wide array of asset classes to gauge what markets are doing."

    State of the Markets articles include:   
    Templeton's Mark Mobius: We're Nibbling, Increasing Exposure in Russian Equities "In case you are not familiar with it, the Templeton Emerging Markets Fund is a fund seeking long-term capital appreciation and enjoys a strong record over the long term. A minimum of 80% of its net assets are allocated to emerging nation equity securities, in countries such as: Brazil, China, India, Thailand, Turkey, Russia, South Korea, Hong Kong, Indonesia, South Korea and Pakistan. The fund is run by the legendary Mark Mobius who has earned a reputation over the years ... Read More "
    China's Manufacturing Sector Up Third Straight Month "China's official PMI (Purchasing Manager's Index) showed that the manufacuturing sector in the world's second biggest economy appears to be regaining momentum. ... Read More
    Goldman Reduces Q1 GDP Estimates      
    ISM Manufacturing Index Falls In February  
    Construction Spending in U.S. Fell Slightly in January  
    Economic Update: Bloomberg Consumer Comfort Index 
    Personal Incomes and Spending Rise in January But Below Expectations  
    Weekly Jobless Claims Fall 2,000 In Latest Week  
    Yields Continue to Fall at Spain's Latest Bond Auction 
       
    Market futures are somewhat elevated tonight.