Daily Investment Interpretations

Friday, May 4, 2012

2012-5-4: (Friday Night): The markets crashed and burned today: Street's worst week of year; Disappointing Nonfarm Payrolls Sends Stocks Lower. The NASDAQ Composite plunged 67.96 points (-2.25%) to end at 2,956.34. The Dow dropped 168.32 points (-1.27%) to close at  13,038.27; the S&P 500 collapsed 22.47 points (-2.25%) to settle at 1,369.10. Oil ended the day  at 98.59: Oil slides to 12-week low; gold ended at 1642: Gold ends higher, snaps losing streak. The VIX jumped 1.6 to 19.16.
    "Stocks were sent reeling Friday morning after a weaker-than-expected Nonfarm Payrolls report for the month of April... ... Read More »"
    Marketwatch says: 
    Charting the latest jobs and employment data
    Charles Sizemore asks What is the big money saying?
    Howard Gold says: Oil and gas prices look like they’ve peaked
    Rex Nutting notes that Government spending is holding us back  
   Mark Hulbert writes about The gold market’s steep wall of worry.  
    The Bear Paradox and the negative narrative  
    Treasury 10-year yields fall under 1.90% 

    State of the Markets articles include:   
    Falling Over The Fiscal Cliff?  "Move over Butch Cassidy and the Sundance Kid. Watch out Thelma and Louise. That cliff has our collective names written all over it and you better make way. Or at least that is what the chorus in the media, throughout Washington, at universities, in think tanks, and all over the Street is telling us. We reported in the last weekend’s recap that “Factiva news search said hits on the phrase 'fiscal cliff’ quintupled in the last month.” As we hear the rhetoric increasingly heating up on this so-called “fiscal cliff”, we thought we might as well all get on the ... Read More »"
    Eurozone Services PMI Confirm Economic Weakness    
    This has certainly been a "down" week, as market indices have broken below their trend channels and support levels.
    As usual, there's not much news on a Friday night.