Daily Investment Interpretations
Friday, April 23, 2012
(Monday Night): The
Dow and S&P rose today: Europe fears batter Street;
Stocks end day down on China, Europe fears.
The NASDAQ Composite fell 30
to end at 2,970.45. The Dow declined
to close at 12,927.17; the S&P 500
slipped 11.58 points
to settle at 1,366.94. Oil rose to 103.12: Oil futures fall as global markets pressured;
gold ended at 1640: Gold at two-week low on worries over Europe, China. The VIX
"Stocks decline sharply as investors worry over Europe and Wal-Mart is rocked by a bribery report."
"European political uncertainty and another sign of a slowdown in the Chinese economy pushed stocks down Monday, with the three major U.S. indexes falling more than 1% before rebounding somewhat in afternoon trading. More"
China's factories languish
Politics, indicators intensify euro-zone fears
David Marsh warns that it was a Black weekend for Europe’s EMU
Former Goldman trader schools the muppets
Peter Brimelow reports that the Aden sisters think stocks still rule
Darell Delamaide observes that: French left and right agree: Non to austerity.
Jobs picture not so pretty "The unnerving trend of upward revisions paints a more dour picture of U. S. job growth, including data on the underemployed, writes Elizabeth MacDonald of Fox Business."
Todd Harrison: Is this dip buyable?
State of the Markets articles include:
Another Way To Play The Consolidation Phase "Good Morning. With yet another session spent inside the current tight little trading range on Friday, it is clear that the consolidation phase continues. The primary driver of the current phase appears to be an oldie-but-a-goodie: uncertainty. In short, traders are uncertain about what comes next on any number of fronts including earnings growth (earnings are only expected to be up 1% this quarter), inflation (which, for those of you keeping score at home, is currently above the Fed's target zone on a year-over-year basis), Europe (Spain and Italy are getting all the attention these days), China (is 8% enough?), ... Read More »"
European Flash PMI's Paint Ugly Economic Picture "The new week appears to be starting off on the wrong foot as Flash PMI readings from Europe were downright ugly and suggest the contraction appears to be getting worse... ... Read More »"
China's Flash PMI Improves in April But
Some Real "Head Scratchers" in the Booming World of Social Media
Quotable Quotes and Notable Notes From The Week That Was
Market futures are slightly higher tonight.