S&P 500 FINANCIALS INDEX
| Value 201.40 | Change 1.78 | % Change 0.9% |
The Alerian MLP index was off pennies in the 264s but the REIT index was up 3 on encouraging words about commercial REITs. Junk bond funds were a little higher, nearing their recent yearly highs. Treasuries were lower, the yield on the 10-year Treasury bond rose 5 basis points to 3.37%.
Alerian MLP Index --- 2 months
Dow Jones REIT Index --- 2 months
Oil & gold slipped a little in the PM, but still had a good day. Gold bulls are very happy at these levels, gold reached 1150 today before backing off.
| CLZ09.NYM | ..Crude Oil Dec 09 | ..79.52 | .. 0.38 ......(0.5%) |
| GCX09.CMX | ..Gold Nov 09 | ..1,141.20 | .. 2.40 ......(0.2%) |
Microsoft (MSFT), Dow stock, was ordered by a court in China to stop selling versions of Windows which might include software developed by a Chinese company. This is an odd twist of fate since MSFT has been the one attacking software pirates, many coming from China. The stock has had a nice recovery from the lows this year but has spent most of the last decade trading in the 20s. One of the biggest buyers of MSFT has been the company with its stock repurchase plan. MSFT was up 11¢ to 30.11.
•Beijing orders Microsoft to halt some OS sales
at MarketWatch
Microsoft --- 1 year
A FED official said they may not start raising interest rates until 2012. That would help ongoing businesses but low interest rates are aggravating the weak dollar problem which would only get worse, thoughts welcomed by gold bulls. An extra chart is shown to highlight the sideways trading for the Dow this week. I find it creepy, although bulls & bears can each say it encourages their viewpoint on where the markets are going.
Dow Jones Industrials --- 1 week
Dow Jones Industrials --- 2 months
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