S&P 500 FINANCIALS INDEX
Despite lower markets, MLPs did well. The Alerian MLP Index gained 1.82 to under 278 after touching 280 earlier in the session. The REIT index fell 4¼, down 23 from its high in Dec. Junk bond funds were down modestly. Treasuries continued lower, the yield on the 10-year Treasury bond retained the 5 basis point advance from the AM.
Alerian MLP Index YTD
Dow Jones REIT Index --- YTD
It seems like all the cold weather & snow should bring a bigger day for oil. But oil bulls as well as gold bulls will take today's up market.
|CLH10.NYM||..Crude Oil Mar 10||..71.82 ||.. 0.63 |
|GCG10.CMX||..Gold Feb 10||..1,065.10 ||..12.20 |
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Toyota (TM) is saying their current troubles will cost over $2B. The cost related to lost sales because customer emotions steered them away from dealer showroom can never be calculated. Their 3 year chart gives a longer term perspective & is starting to look like charts of their American cousins from a couple of years ago. Today TM dropped 1.86 to 72.85
Toyota Recall Cost Will Exceed $2 Billion Estimate, Lawyers Say
Toyota --- 3 years
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Markets are back to treading water. This is the logical aftermath after Q4 earnings with guidance for 2010 did not get high marks. On the overnight session last night, Asian markets headed lower & looks like they will repeat that performance in their Tues session beginning in a few hours. The Dow chart is very discouraging made worse by strong selling going into at today's close.
Dow Jones Industrials --- YTD