Daily Investment Interpretations
Tuesday, May 9, 2012
(Wednesday Night): The
sharply again today and once again partially recovered: Dow set for sixth down day;
Dow posts 6-day losing streak.
The NASDAQ Composite decreased 11.56
to end at 2,934.71. The Dow slipped
to close at 12,835.29; the S&P 500
fell 9.14 points
to settle at 1,354.58. Oil ended the day at 96.54: Oil falls on higher dollar, global-recovery fears;
gold ended at 1590: Gold below $1,600, lowest since December.
The VIX rose 0.83
"Stocks tumble on Europe fears, as the Dow's six-session losing streak makes it the longest since August 2011."
"U.S. stocks bounced back somewhat from a sharp sell-off Wednesday, but all three major indexes closed in the red as investors continue to fret about Greece and Spain. More."
Mark Hulbert explains Why a major market correction is unlikely
Europe's pain, America's gain.
Michael Gayed explains that Catalyst for higher stocks is no catalyst.
How China is propping up the euro.
Public holidays become austerity casualty in Portugal
Does Europe have too many holidays? (video)
Matthew Lynn notes that Shareholders’ revolt will shift markets.
Tommi Kilgore explains that S&P 500 losses wipe out earnings gains.
Paul Farrell suggests 19 solar, wind and biofuel stocks to watch.
State of the Markets articles include:
Looking Ahead to Thursday's Market
Believe It Or Not, It's All About Europe (Again)
More Questions Than Answers "The keys to Wednesday’s session are (a) word that the Eurozone is debating the delay of €5.2B to Greece on May 10th due to the political landscape (b) reports that Spain will require its banks to raise more capital and (c) rumors that Credit Immobilier de France is facing "troubles." However, the good news is that European market finished mixed with France down only modestly and Germany up on the session. As for the first concern – that Eurozone and the IMF could delay the next tranche of loans to ... Read More"
IMF Talks of Safeguarding Loans to Europe
Investor's Intelligence: Bullish Sentiment Pulls Back
Wholesale Inventories Disappoint in March
Spain To Require Banks To Add Capital
Market futures are mixed tonight.