Daily Investment Interpretations
Wednesday, May 23, 2012
(Wednesday Night): The
markets dove today and then climbed back up, ending about where they started:
Street stages a comeback;
Stocks erase hefty losses.
The NASDAQ Composite closed up 11.04
to end at 2,850.12. The Dow eased
to close at 12,496.15; the S&P 500
advanced 2.23 points
to settle at 1,318.86. Oil ended the day at 89.90: Oil ends below $90 for first time since October;
gold logged off at 1548.40: Gold futures below $1,550 at the close.
The VIX slipped 0.15
"Dow recovers from a roughly 200-point drop; Nasdaq and S&P finish with modest gains."
"After nearly a full day in the red, stocks erased most of their losses in the last half hour of trading Wednesday. More"
Nice words for Greece but no euro-bond deal.
‘Astonished’ Merkel says no to euro bonds.
Michael Casey: Fear glues Greece to euro
The New Tigers: complete special report
Poland, Turkey offer higher risk, more reward
Michael Gayad explains Why crash risk remains very real
Lawrence MacMillan says that Stocks are severely undersold
Near-perfect indicator says buy now
Mark Hulbert writes Insiders help bull market dodge bullet
EU leaders want Greece to stay; no eurobond deal
Matthew lynn points out that Euro collapse needn’t sink global economy.
Irwin Kellner writes Better red ink than dead economy
Lagarde: liability-sharing needed
State of the Markets articles include:
Looking Ahead to Thursday's Market
Let's Just Stop All The Pretending. "We need to call a spade a spade here. So many analysts, managers, and pundits come on TV to tell us - with absolute certainty, by the way - (a) what the market is going to do next, (b) what will happen next to the economy, (c) what the Fed will do and when, and (d) what will happen in Europe. However, the bottom line is that nobody can predict any of this stuff because all of the above is intertwined as well as tied to data that we don't have yet and events that haven't occurred yet. So, as investors, we all need to collectively stop pretending we know what is going to happen ... Read More »"
New Home Sales and Prices Rise in April
FHFA House Price Index Improves in March
Investors Intelligence: Bullish Sentiment Pulls Back
NAAIM Index Shows Managers Modestly Bullish
European Governments Asked to Prepare Contingency Plans for Greek Exit
CBO: US to Fall Into Recession if 'Fiscal Cliff' Not Addressed
Spain To Ask ECB to Buy Its Bonds
Market futures are down a few hundredths of a percent tonight.