Daily Investment Interpretations

Tuesday, May 8, 2012

2012-5-8: (Tuesday Night): The markets fell sharply today and then partially recovered: Dow recovers some losses; Stocks tumble on Greece uncertainty. The NASDAQ Composite decreased 11.49 points (-0.39%) to end at 2,946.27. The Dow slipped 76.44 points (-0.59%) to close at  12,932.09; the S&P 500 fell 5.86 points (-0.43%) 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 to 18.99.
    "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"  
    
    Marketwatch says: 
    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.