$INDU 11787.38 +55.48; $TRAN 5228.3 -1.17; $UTIL 410.87 +1.53; $XAU 205.72 -3.02; $COMPQ 2755.30 +20.01; $NDX 2323.43 +17.90; $SPX 1293.24 +9.48; @YGF11 1361.20 -14.60; @YIF11 28.474 +0.958; The $ fares well today among the major currencies; $AAPL 348.48 +2.80; $IBM 150 +1.18; and $VIX 15.46 -0.93 <Nice to see the fear factor even lower!
All this is a good signal to continued positive outlook for the markets. The clamor for 'buy' over 'sell' is with us for the foreseeable future, in my opinion. Since there is competition among the pundits of finance regarding 'the market being too high, it has to fall', vs. 'we're not there yet, a new record is afoot', the daily news plays on the investor and broker alike.
The banking news, whether promoting new government regulations that will help 'keep them in line', or more failures to come, or still yet more investments to be made, risky or no, tosses us all to and fro, because there is no end in sight to the manipulations that have gone on so long. New methods to skirt new laws will be and are in play, and the individual investor has to be ever more wary of a corporation's financial outlook relating to 'risky business', i.e., the purchase of toxic assets, failures of smaller segments, mismangement even under 'new'. And with the majors being investigated for bribery and other deviousness, this will be an ongoing issue with many as the market improves...or drops out!
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