Daily Investment Interpretations

March 27, 2012

2012-3-27: (Tuesday Night): The market indices fell back a bit today: Stocks take a step back; Stocks Modestly Lower In Quiet Session. The NASDAQ Composite inched down 2.22 (-0.07%) to end at 3,120.35. The Dow fell 43.9 points (-0.33% to 13,197.73; the S&P 500 declined 3.98 points (-0.28%) to settle at 1,412.521. Oil jumped to 107.33: Oil edges higher; natural gas at 10-year low; gold ends at 1668: Gold tips to losses on profit-taking. The VIX rose 1.33 to 15.59.
    "Stocks finished modestly lower on Tuesday in a relatively quiet session of trading. Major indices started the day slightly higher following a mixed bag of economic data. European Consumer Confidence ... Read More »"    

    Marketwatch says: 
    What keeps Fed's Dudley up at night  
    Bernanke on why Fed didn't rescue Lehman
    U.S. consumer confidence dips in March 
    3 stages of a bull market
    More upside for equities, the charts say
    Ashbaugh: S&P confirms 2012 uptrend    
    Irwin Kellner writes: Springtime for U.S. housing  
    Mark Hulbert remarks on March Madness on Wall Street.  
    Kevin Marder notes that Big Ben rocks stocks.  
    Delamaide: EU voters torn by austerity politics.  
    French consumer confidence rebounds  
    Italy borrowing costs lower following bond sale  
    Liquidity flood lifts Mexican stocks  
    Why do we make trading so hard?  
    Case-Shiller: Home prices hit nine-year low  

    State of the Markets articles include:   
    Taking No Chances?  "Monday's speech from Fed Chairman Bernanke created quite a stir with the bulls celebrating the idea of additional Fed assistance. However, from my perch it appears that Mr. Bernanke is simply not ... Read More »"
    More QE On The Way? St. Louis Fed President Bullard Says No "Fed Chairman Ben Bernanke stoked the fire of the stock market bulls on Monday by giving those who look at the world through rose colored glasses a reason to think that the Federal Reserve isn’t done lending a helping hand to the economy. Although he acknowledged that there has been some improvement in the U.S. economy, Bernanke said that the country’s GDP was not growing at a pace strong enough to put a dent in the current unemployment rate and that more needs to be ... Read More »"
    Consumer Confidence Dips In March  "The Conference Board's Consumer Confidence Index was a bit of a disappointment in March. However, February's read was revised higher and the report indicates that consumers are... ... Read More »"
    Case-Shiller Home Price Index Above Expectations 
    European Consumer Confidence Reports Mixed  
    Spanish Bill Auction Shows No Sign of Imminent Danger  
    Bernanke Not Satisfied With Jobless Rate, Says Economy Needs To Grow Faster  
    
    Market futures are a trifle higher tonight.