Daily Investment Interpretations
Tuesday, May 8, 2012
(Tuesday Night): The
sharply today and then partially recovered: Dow
recovers some losses;
on Greece uncertainty. The NASDAQ Composite decreased 11.49
to end at 2,946.27. The Dow slipped
to close at
12,932.09; the S&P 500 fell 5.86 points
to settle at 1,363.72. Oil ended the day at 96.45: Oil
falls below $97, fifth straight down day; gold ended at 1604: Gold
ends at lowest level since year's start, Gold
drops more than $40 as dollar climbs. The VIX rose a slight 0.05
"U.S. stocks trim back their decline as trading session winds down. Blue chips partially recover from a nearly 200-point slide earlier in the day. Uncertainty about the Greek election pressures Wall Street."
"U.S. stocks sank Tuesday, although the major indexes closed off session lows, as Greece's uncertain political situation keeps investors on edge. More"
Kevin Marder says The market pullback is a welcome sight
The continued deterioration of the market
Europe, U.S. all out of monetary tricks
Thomas Kee says Slowing economies demand risk control.
Bush tax cuts and Europe
Dudley: Fed won't cause inflation
Irwin Kellner: What, me worry about inflation?
U.S. sells 3-year debt at lowest yield in 3 months
NFIB small-business index at post-recession high
March job openings increase to 3.74 million
U.S. home prices post gain
The debate about austerity is over
Michael Ashbaugh is Charting a bearish backdrop.
David Weidner admonishes us to Buy America, sell Europe.
State of the Markets articles include:
Looking Ahead to Wednesday's Market
More Questions Than Answers "Greetings from Kilkenney, Ireland. For me at least, the weekend elections, as well as yesterday's market action, raise more questions than answers. While the bulls will argue that yesterday's impressive rebound in the U.S. indices means that the buyers are resilient at the present time and that we've seen the lows for this corrective phase, frankly I'm not so sure this is the case. Believe me, as a card-carrying member of The-Glass-is-Always-at-Least-Half-Full club, it pains me to say this. But as the saying goes, one day does not a trend make (or change). So, unless the bulls can put in a carbon copy of yesterday's ... Read More »"
Why Does The World Really Care About Greece Again? "It seems that the stock market is all about Greece today (yes, again). With the elections leaving the debt-riddled country with no clear leadership, the question of Eurozone stability is back on the ... Read More »"
Market Mover: Greece's Leading Parties Fail to Form Gov't
NFIB Small Business Optimism Improves in April
German Industrial Production Improves
Market futures are slightly lower tonight.