Daily Investment Interpretations

Tuesday, April 10, 2012

2012-4-10: (Tuesday Night): Today was so bad, it made yesterday look good: U.S. stocks suffer worst drop of year; Stocks Down 5 Straight as Correction Picks Up Steam . The NASDAQ Composite skidded 55.86 (-1.83%) to end at 2,991.22. The Dow nose-dived 213.66 points (-1.65%) to close at  12,715.93; the S&P 500 declined 23.61 points (-1.71%) to settle at 1,358.59. Oil fell to 101.28: Oil ends 1.4% lower, barely holds above $101; gold ended at 1656: Gold ends 1% higher on safe-haven flows. The VIX rose 1.58 to 20.39.
    "Stocks finished significantly lower again on Tuesday, marking the Dow, S&P 500, and Russell’s fifth consecutive decline. Tuesday also market the single largest decline of 2012 for the S&P 500, as ... Read More »"
    
    Marketwatch says: 
    Michael Ashbaugh asks Healthy pullback, or major market top?
    Thomas Kee says: European slowdown an earnings culprit.  
    Michael Gayed asks Was that the bottom in gold?   
    Mark Hulbert observes that Gold’s sentiment foundation bullish
   
Consumers inexplicably cheerful  
 
    State of the Markets articles include:   
    Is It Time To Rethink The Thesis?  "Good Morning. We had an interesting discussion in the office yesterday about what is, has been, and will be driving the stock market. To my surprise, there was some lively discussion and differing opinions on what has been the impetus behind this year's joyride to the upside. To me, this is an easy one as I'm of the mind that it's been the better-than-expected economic data combined with the grossly ... Read More »"
    Alcoa Beats Earnings Expectations, Stock Surges After Hours
    Business Inventories Exceed Expectations in February (And yes, you should care) 
    China Stocks Rebound On Easing Hopes  
    Bernanke Offers No Clues On QE3       

    Market futures are up 0.3 % tonight.