Daily Investment Interpretations
March 2, 2011
(Friday Night): The
markets indices fell by varying amounts today: Street slips as energy falls;
Dow snaps three week streak.
The NASDAQ Composite deflated 12.78
to 2,976.19. The Dow eased 2.73
the S&P 500 lost 4.46 points
to settle at 1,369.63. Oil slipped to 106.50: Oil declines after previous sessionís rally;
gold retreated to 1712: Gold, silver suffer daily, weekly losses.
The VIX rose slightly 0.03
The latest bugbear is the rice of gasoline..
Market indicators are still bullish
Long, hot spring on the way for gas prices
Buy the market, not the rally.
Resistance spreads to EU austerity demands.
Why retail gasoline is nearing a record
Cyclicals investors start to get picky.
Moody's cuts Greece to lowest rating
Michael Gayed writes: We're all wrong about oil.
Michael Ashbaugh writes: S&P 500 scratches out three-year high.
Mark Hulbert asks Whatís the big deal about Nasdaq 3,000?.
State of the Markets articles include:
Video Update: Weekly Market Wrap-Up
Housing Market Flashing Signs of Improvement
Global PMI's Suggest Economic Expansion is Broad-Based
Eurozone Officials To Delay Approval of Greek Bailout
For the past four weeks, between February 3rd and March 2nd, the S&P 500 has risen linearly about 5 points a week. Prior to that, from December 21st to February 3rd, the S&P 500 rose linearly about 95 points, or about 15 points a week... 3 times faster.
What also seems noteworthy to me is how steady it's been.