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Bull Speed Ahead?

Daily Recap

We once again have a split-personality US stock market. For most of the day, the Dow Industrials and S&P 500 have been lower (the Dow, a lot lower because of the banks), while the NASDAQ is toying with new all-time highs, up smartly on news of Netflix's further gains. Thus, the tentative sell signal NASDAQ gave just a couple of weeks ago looks like a fake out, putting all major US indices again on the same page.


Overseas, stocks were mixed in Asia and decidedly lower in Europe. The Asia Dow eked out a 0.01% gain, but then European stocks got slammed, the STOXX 600 down a big 1.18%. Western Hemisphere markets were mixed, rather in line with their big brothers in the US.


The precious metals added more to their rallies. Gold gained another $8, to $1242/oz. Silver rose 16 cents to $16.29, but platinum only added $1 to ... Log in or subscribe to continue reading.

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