Daily Investment Interpretations

March 22, 2012

2012-3-22: (Thursday Night): The market indices ended mixed  today: Stocks in a losing streak; Stocks Sink on Global Slowdown Fears. The NASDAQ Composite caught a downdraft of 12 (-0.39%) to end at 3,063.32. The Dow went down 78.48 points (-0.6% to 13,046.14; the S&P 500 retreated 2.63 points (-0.19%) to settle at 1,402.89. Oil jumped to 105..54: Oil falls on China data, crude reserve talk; gold ended at 1646: Gold at nine-week low on China data. The VIX rose 0.57 to 15.57.
    "S&P 500 closes lower for third session. "The market is just taking a breather," strategist says.

    Marketwatch says: 
    Interest rates threaten housing recovery
    Want what the market wants  
    Fed's Fisher: Inflation is not threat at moment 
    Treasurys gain on global economic data  Fear is momentarily overtopping greed.
    Darrell Delamaide writes: Republican policies ignore consequences  His point is that the party that's out of power (the Republicans) is proposing financial moves that only those who don't have to deliver on their promises can afford.
    Peter Brimelow presents: Contrary opinion on China      
    From Minyanville: The easy money has been made
    David Callaway warns about Ben and the Muppets’ European adventure.  Mr. Callaway's thesis is that the financial press has ignored or ridiculed Greg Smith's warning that Goldman Sachs regards its clients as sheep to be sheared. And it has shrugged Fed Chairman Bernanke's warning that the Eurozone crisis isn't over by any means. This means, warns Mr. Delamaide, that one of these fine days, one or the other of these potential fires is going to re-ignite and take the markets down again. (Like this summer, maybe? Sell in May and go away?)
    Cody Willard asks: Are earnings already priced in?
    State of the Markets articles include:   
    Technical Talk: Panic Early Or Not At All?  "Traders appear to be invoking the old adage, "Panic early or not at all" today. Thus, the question of the day is if the current pullback is just getting started or ... Read More »"
    U.S. Leading Economic Indicators Point To Improvement  
    FHFA House Price Index Disappoints in January
    Bloomberg Consumer Comfort Index Sags  
    Hedge Fund Follies?
    Weekly Jobless Claims Total Continues To Fall
    Eurozone Flash PMI Readings Remain Weak
    A Lesson In Earnings: What Gives With FedEx?  "For its fiscal third quarter ended Feb. 29, FedEx today reported a profit of $521 million, up sharply from a year-earlier profit of $231 million. Per-share earnings rose to $1.65 from 73 cents a year ago, beating forecasts by a wide margin. FedEx Corp. additionally reported the following consolidated results for the third quarter: Revenue of $10.56 billion, up 9% from $9.66 billion the previous year Operating income of $813 million, up 107% from $393 million last year Operating margin of 7.7%, up from 4.1% the previous year Net income of $521 million, up 126% ... Read More »"

    Market futures are flat tonight.