Daily Investment Interpretations
Tuesday, June 12, 2012
(Tuesday Night): The
markets backed and filled but rose into the close: Powerful
kick at the finish;
close up more than 1%. The NASDAQ Composite regained 33.34
to end at 2,843.07. The Dow posted
a triple-digit gain of 162.57
to close at
12,573.80; the S&P 500 regained 15.25 points
to settle at 1,324.18. Oil ended the day at 83.45: Oil
closes higher; gold logged off at 1615: Gold
tallies three-session gain of 1.6%. The VIX dropped 1.26
"U.S. markets sit near their highs of the day as stocks shrug off Europe concerns, at least for now."
"U.S. stocks closed up more than 1% Tuesday, a quick rebound from the prior session's losses. More".
Euro falls further as Spain's yields hit record
Merkel: Spain crisis result of property bubble
Europe stocks off as Spanish, Italian yields surge
Cyprus could be fifth EU nation to get bailout
America's fate is in others’ hands "No matter what Washington winds up doing to try to boost economic growth, it could all be for naught if other countries should take a swan dive at the same time, writes Irwin Kellner."
David Weidner adds that Weidner: Spain bank woes could still hit U.S.
Rough global road (video) "The World Bank' has a dim outlook for global economic stability over the next several years."
The future of euro zone
IMF seeks ‘powerful’ easing from Bank of Japan
Investors becoming more pessimistic: survey
Mark Hulbert explains the Significance of 200-day moving average.
Darrell Delamaide states that the Deficit debate marks economic dark ages. Darrell Delamaide is lining up with Irwin Kellner and Rex Nutting in backing
Home downscale home (video) "Neal Lipschutz goes over devastating data that illustrate the decline in U.S families' wealth since the economic downturn. (Photo: Getty Images)"
Fed: Recession pounded middle-class wealth. Middle-class wealth fell by 40% since "the Great Recession" began. Part of this was the result of a deflation of real estate prices, but part of it was a transfer of wealth from the middle class to the extreme upper class.
Market rally a 'major bull trap': analyst
Treasurys extend losses after 3-year auction Interest rates rose.
State of the Markets articles include:
Looking Ahead to Wednesday's Market
It's (Still) All About The Rates "Monday started off with such promise for our heroes in horns. Fresh off what is now being called the "Spailout," Asian markets were higher and while not quite as enthusiastic, European bourses were stepping lively as well, which, of course, pushed the U.S. futures solidly into the green. The thinking was that the risk trade was going to be flipped to the "on" position as the euro-shorts ran for cover. And if things played out properly, this would send the dollar lower and risk assets higher. With the most recent ... Read More »"
Is It Now Five and Counting? "Although Cyprus is a tiny country and most investors probably couldn't locate it on a map, word is that it will become the fifth nation to request a bailout loan from the EU. Here's the problem ... Read More »"
What He Knew and When He Knew It "JPMorgan Chase's CEO Jamie Dimon will venture to Capitol Hill tomorrow and provide what is sure to be "must see TV" as he defends the massive trading losses ... Read More »"
Import and Export Prices Decline in May
NFIB Small Business Index Pulls Back in May
The Early Look: Futures Pointing Gently Higher
Market futures are... surprise! surprise! down ¼ % tonight.