Daily Investment Interpretations

March 30, 2012

2012-3-30: (Friday Night): The market indices ended the day mixed as the dip buyers came out of the woodwork: S&P's best Q1 since 1998; Stocks end spectacular quarter. The NASDAQ Composite moved down 3.79 (-0.12%) to end at 3,091.57. The Dow gained 66.22 points (0.5% to 13,212.04; the S&P 500 advanced 5.19 points (0.37%) to settle at 1,408.47. Oil rose a trifle to 102.82: Oil edges higher, gains 4.2% on quarter; gold ends at 1671: Gold ends quarter up 6.7%, rallies 1% on the day. The VIX was basically unchanged at 15.50.
    On Monday, the second quarter will begin, and end-of-quarter efforts won't resurface for nearly three months. It will be interesting to see what next week brings.
    In the meantime, State of the Markets is becoming more cautious, although their indicators are still in HOLD mode. Today's action suggests (at least to me) a "buy the dips" mentality.

    Marketwatch says: 
    Fund, ETF investors could see global gains fade  "International stock investors are over the shock that plagued markets in 2011, but China's slowing economy and oil prices pose new hurdles."
    Water an essential holding  "Water may grow more valuable in the face of rising populations and deteriorating infrastructure."
    Mark Hulbert: Can market maintain its pace?  Mark Hulbert's point is that there is no correlation between one quarter and the next... no reversion to the 
    Rare-earth stocks bust out
    Treasurys head to second straight monthly loss.  This means Treasury rates are rising.
    Howard Gold writes: Political road has bumps ahead.      
    China survey: Hard landing possible, not likely  
    30-year fixed back below 4%  So much for rising interest rates.

    State of the Markets articles include:   
    Technical Talk: A Consolidation Phase Or...
    Video Update: Weekly Market Summary "Our latest video segment takes a look at the week that was. After taking a break the week prior, stocks returned to their winning ways last week. The bulk of the action occurred on Monday... ... Read More "
    University of Michigan Consumer Sentiment Above Expectations  "The latest report from the UofM Consumer Sentiment index shows that John Q. Public seems to be feeling better about the economy, jobs, and the outlook going forward... ... Read More "
    Chicago PMI Shows Expansion Continues But Rate is Slowing 
    Greece Update: New Talk of a Third Bailout  
    Fed's Lacker Says Rates To Stay Low Through Mid-2013  
    Personal Income and Spending Rise in February  
    Eurogroup Approves Larger Bailout Funding  
    
    Yet another "up" week for the stock market.