Daily Investment Interpretations

Tuesday, May 30, 2012

2012-5-30: (Wednesday Night): The markets fell today: Street hit over Europe fears; Stocks gain as worries about Europe abate. The NASDAQ Composite closed up 33.46 points (1.18%) to end at 2,870.99. The Dow climbed 125.86 points (1.01%) to close at  12,580.69; the S&P 500 declined 14.86 points (1.11%) to settle at 1,332.42. Oil ended the day at 90.75: Oil posts modest retreat as the dollar gains; gold logged off at 1556: Gold loses over $20 as dollar gains on Spain. The VIX slipped 0.59 to 21.17.  
    "Major indexes rise on positive signs from Greece, but euro's drop below $1.25 rattles a few nerves." 
    "U.S. stocks rose Tuesday as investors welcomed a lack of negative headlines out of Europe and hopes that China will move to support its economy. More"

     
    Marketwatch says: 
    Spain worse than Greece?  "Matthew Lynn lists six reasons why Spain is more likely to pull out of the euro than Greece."
    Irish voters expected to back EUís fiscal compact  "Ireland, two years after its bailout, is expected to shrug off warnings of further austerity and come out in support of tighter, European Union-mandated budget and debt controls."
    Michael Gayad writes Think stocks canít rise 40% in 2012? Think again.  
    Mark Hulbert: Dow's 'textbook' bear signal (video)  
    Poll: Most Greeks want revamp of bailout terms 
    Euro zone's business confidence slumps  
    Worst is yet to come
    Spain yields push higher
   
German 2-year yields fall to zero
    Europe floats use of permanent fund for banks  
    John Nyardi suggests Three options in uncertain European times 
    Pending home sales off in April 
    Distress is easing for U.S. households (audio)  
    Treasury yields hit record low on Spain worries  
    Euro falls below $1.25  "The U.S. dollar rises toward its strongest level against the euro in almost two years after downgrade of Spanish government debt."
    Are T-bonds sending us a warning? 
    Irwin Kellner tells us that there is No such thing as a free lunch  
  
    State of the Markets articles include:   
    Technical Talk: The Best Way To Play Is  
    Either All News Is Good News, Or...  "After one of the most dismal starts to almost any month on record, the market has certainly perked up a bit since the 18th of May. Although the same can't be said for facebook (FB) or RIMM, the S&P 500 has been higher five of the last six sessions and has tacked on nearly 3% in the process. The 'little bounce that could' has helped to limit some of May's market misery as the S&P is now down just 4.68% on the month. While that hardly seems like good news, let's keep in mind that our furry friends in the bear camp have pretty much ... Read More Ľ
    Pending Home Sales Tank in April  
    China Backs Away From Reports on Major Stimulus   
    NAAIM Index Shows Active Managers Turned Cautious  
    Investors Intelligence: Bullish Sentiment Rises Modestly  
    Eurozone Confidence Continues To Decline  
    European Commission Supports Bank Recapitalization and Eurobonds 
      
    Market futures are slightly lower tonight.