Daily Investment Interpretations
Thursday, May 3, 2012
(Thursday Night): The
markets closed down today:
U.S. stocks feel tugs of jobs data and Europe fear;
Stocks stumble ahead of April jobs report
The NASDAQ Composite plummetted 35.55
to end at 3,024.30. The Dow dropped
to close at 13,206.59; the S&P 500
collapsed 10.74 points
to settle at 1,391.57. Oil ended the day at 102.54: Oil slides 2.6% to lowest level in nearly 2 weeks;
gold ended at 1636: Gold ends $1,640 after U.S. jobs, services data. The VIX
"Weak reading on private-sector employment casts doubt on the strength of Friday's payrolls report.."
U.S. jobless claims drop. "Week's applications for jobless benefits see first drop in a month, to just slightly above a four-year low."
Planned job cuts up
Kathleen Madigan: Don’t be fooled by ADP
U.S. productivity drops 0.5% in first quarter
Expect stagnant U.S. economy in 2013: Roubini.
U.S. stocks' early gains hit by Europe worries
Kevin Marder writes Momentum returns
Stocks have outgrown economy
Draghi: Economic outlook subject to downside risks "European Central Bank President Mario Draghi says outlook remains subject to downside risks, tied in part to sovereign-debt tensions."
Thirty-year mortgage rate at record-low 3.84%
Cody Willard writes about his Bluefly Bubble Indicator. He also tells us what • What Web 1.0 stocks tell us about 2.0.
State of the Markets articles include:
Looking Ahead to Friday's Market
Roubini: The New List of Macro Concerns "In September 2006, Nouriel Roubini – aka Dr. Doom – a warned a wary IMF that the U.S. was likely to face a big-time housing bubble bust, an oil shock, and decreased consumer confidence. Essentially, Roubini warned of a deep recession in the U.S., which came to pass. As such, whenever Roubini has spoken since then, people listen. Although Roubini recently turned positive on U.S. stocks (for a short-term trade, which, by the way, wasn't a bad call), the notoriously negative economist is back with a new list ... Read More »"
Thursday's Economic Data Mostly Disappoints
Stock market futures are flat again tonight.