Daily Investment Interpretations
Tuesday, May 30, 2012
(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
(1.18%) to end at 2,870.99. The Dow climbed
to close at 12,580.69; the S&P 500
declined 14.86 points
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
"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"
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.