Daily Investment Interpretations

March 8, 2011

2012-3-8: (Thursday Night): The markets indices rose again today on word that Greece has secured its debt swap: U.S. stocks close higher on Greek swap hopes; Stocks Higher In Anticipation of Greek Deal. The NASDAQ Composite escalated 34.73 (1.18%) to 2,970.42. The Dow rebounded 70.61 points (0.55% to 12,907.94; the S&P 500 gained 13.28 points (0.98%) to settle at 1,365.91. Oil expanded to 106.95: Oil gains on optimism over Greece deal; gold rose a bit more to 1706: Gold up on optimism over Greek-debt deal. The VIX slid 1.12 to 17.95.
    The markets rose today on Grecian news: Greece wraps up swap, clearing way for deal. "Stocks hit session highs as Greece looked set to secure enough participation in its debt swap."

    Marketwatch says: 
    Kevin Marder explains How to recognize a market top.
    Job gains seen topping 200,000 in February
    China Feb CPI weakens "Consumer inflation rises at a slower-than expected rate of 3.2% in February from the same month a year earlier, signaling an easing in price pressure.
    Peter Brimelow says: Gold bugs digging out, again  
    Brazilian stocks rise after deep interest-rate cut 
    State of the Markets articles include:   
    Greece Update: Where Things Stand on Debt Exchange Deal
    Bloomberg Consumer Comfort Index Continues to Improve
    Jobless Claims Rise In Latest Reporting Period      
    Challenger: Planned Layoffs for February  
    Hot IPO's Part V: The Social Media Stocks  
    Market futures are slightly lower tonight.