Daily Investment Interpretations

March 21, 2012

2012-3-21: (Wednesday Night): The market indices ended mixed  today: U.S. stocks end mostly lower; but Nasdaq rises; Bulls Claim Moral Victory In Face of Decline. The NASDAQ Composite sidled up 1.17 (0.04%) to end at 3,075.32. The Dow went down 45.57 points (-0.35% to 13,124.62; the S&P 500 retreated 2.63 points (-0.19%) to settle at 1,402.89. Oil jumped to 106.88: Oil tops $107 on surprise supply decline; gold ended at 1650: Gold recoups losses on bargain hunting. The VIX fell 0.45 to 15.13.
    "U.S. stocks slip after a weak forecast from Baker Hughes hits the oilfield-services sector and a report on home sales contains some weak spots.

    Marketwatch says: 
    U.S. stocks muted after home-sales data
    From deflation to inflation  
    Treasurys edge up; yields slip from 4-month high 
    U.K. budget offers a glimpse of U.S. future  
    Michael Ashbaugh writes: Charting the break to less-charted territory 
    Mark Hulbert notes Corporate leverage again cause for concern?  
    Mark Hulbert also asks What if profit margins don’t keep rising?   
    Michael Gayed explains that The Spring Switch begins  "With an apparent increase in optimism, investors have been leaving the bond space, freeing up cash destined for riskier investments, like stocks."  
    European crisis is not over, Bernanke says  
      
    State of the Markets articles include:   
    Technical Talk: Are Warning Cracks Developing?
    Get It Off The Books!  "You've got to give the bulls some credit for not succumbing to the barrage of bad news tossed at them Tuesday. However, the reason for the continued buying seems to be fund managers telling their ... Read More »"
    Goldman's Oppenheimer: Say Good-Bye to Bonds, Stocks a Good Buy  "Goldman Sachs has issued a bit of a mea culpa this morning relating to its outlook for the stock market. Followers of Wall Street’s projections know that Goldman has been less than optimistic regarding the expectations for the U.S. stock market, well, until this morning that is. In a note to clients today, published by Bloomberg, Goldman’s chief equity strategist in London said that stocks will likely begin a “steady upward trajectory” over the next few years. Goldman’s Peter Oppenheimer wrote Wednesday, “Given current valuations, ... Read More »"
    Existing Home Sales Report Suggests Market Improving  "The latest report from the National Association of Realtors shows that although Existing Home Sales in February were down modestly from January's levels, the overall market is improving... ... Read More »"
    China Cutting Reserve Requirements For Agriculture Banks
    NAAIM Index Show Active Managers Back To Bullish Levels
    Investor's Intelligence: Bullish Sentiment Rising
    Worried About Portugal Becoming The Next Greece?  

    Market futures are up a little tonight.