Daily Investment Interpretations

Tuesday, May 9, 2012

2012-5-9: (Wednesday Night): The markets fell 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 points (-0.39%) to end at 2,934.71. The Dow slipped 96 points (-0.75%) to close at  12,835.29; the S&P 500 fell 9.14 points (-0.67%) 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 to 19.88.
    "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."
    
    Marketwatch says: 
    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
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    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.