Daily Investment Interpretations

Tuesday, May 1, 2012

2012-5-1: (Tuesday Night): All three indices snapped back today: Dow ends at highest level since late 2007; Dow closes at a 4-year high. The NASDAQ Composite rose 4.08 points (0.13%) to end at 3,050.44. The Dow gained 65.69 points (0.5%) to close at  13,279.32; the S&P 500 re-inflated 7.91 points (0.57%) to settle at 1,405.82. Oil ended the day  at 105.80: Price of oil hits five-week high; gold ended at 1663: Gold edges lower; copper leads gains. The VIX dropped 0.55 to 16.60.
    "U.S. stocks rise after report shows manufacturing expanded at a more rapid pace for April."
    Marketwatch says: 
    Jon Markman tells us about 3 reasons May will sting
    Irwin Kellner's cautionary tale: Warning: Fiscal icebergs ahead
    Mark Hulbert tells us about The VIX in presidential election years  "Standard & Poorís downgrade of big banks ups pressure on the government to deal with the financial sector as economy slips into recession."
    David Weidner asks What would Jesus trade?  
    Lawrence McMillen opines: The technicals are bullish.  
    Tomi Kilgore advises:
Another weak May? Donít be so sure
    Michael Ashbaugh asks: Sell in May, or stay?          
    5 stocks picked by billionaires
    May as bear season  
    Kevin Marder proclaims: The market is mending.  
    The Aden sisters say The Fed will provide.     

    State of the Markets articles include:   
    ISM Manufacturing Index Surprises to the Upside  "GThe all-important ISM Manufacturing Index provides a look at the health of the U.S. manufacturing sector. This month's report shows the sector continued to expand for the 33rd straight month... ... Read More Ľ"    
    Ready, Set, Sell?  "Good Morning. My digital calendar informed me this morning that the month of May has officially arrived. And according to Wall Street's folklore, this means that it may be time to do something other than invest in the stock market for a while. But to be honest, I've never put much credence in the old saw, "Sell in May and go away" as stocks have only fallen during the May-October period 11 of the 32 years I've been in this business. But, I will have to admit that it's been a profitable strategy of late and as such, I thought I'd dig into the data to see whether I should just extend my stay in Europe until after Halloween. The theory holds that stocks tend to do very little from ... Read More Ľ"
    Construction Spending in U.S. Up Slightly in March       
    UK Manufacturing PMI Above 50 But Below Expectations  
    China's Official PMI Expands for Fifth Straight Month 
    Are The Bullish Analysts Talking Their Books or Talking Sense?  
    Stock market futures are slightly higher tonight.