S&P 500 FINANCIALS INDEX
| Value | 195.00 | |
| Change | 0.61 +0.3% |
The MLP index was up 1½ to the 334s (near the 335 yearly high) & the REIT index was up 2 in the 211s. Junk bond funds slipped a smidgen while the VIX was down pocket change in the 22s. A weak dollar sent the € up 1½¢ to almost $1.36, a 5 month high. But Treasuries (along with gold) are the main story as the yield on the 10 year Treasury bond fell 6 basis points to under 2.46% (essentially at 19 month lows)! This strength is disturbing to say the least!
Treasury yields
| U.S. 3-month | 0.14% | |
| U.S. 2-year | 0.42% | |
| U.S. 10-year | 2.46% |
Alerian MLP Index -- 2 months
Dow Jones REIT Index -- 2 months
VIX -- 2 months
10-Year Treasury Yld Index -- 2 months
Oil.was slumbering while gold rose to a record as investors & jewelers increased their gold holdings.There are many ways to participate in the rise of gold, a button below is provided to give ideas.
| CLX10.NYM | ...Crude Oil ...Nov 10 | 76.12.... |  0.40 (0.5%) |
| GCU10.CMX | ...Gold Sep 10 | ...1,306.60 | ... 9.90 | (0.8%) |
$$$Gold Super Cycle$$$ Click Here
On this quiet day I took another look at Apple (AAPL) with the 2nd (or maybe 3rd) largest market cap in the world. Today it was down 3 to 288 for no particular reason but has one of the best charts this year (even better than the Alerian MLP Index chart with reinvested income).
Apple --- YTD
Gold soars over 1300, Treasuries are offering record or near record low yields while stocks rose as the averages near yearly highs (but still far off record levels). Volume continues low at 1B shares on NYSE floor. It's difficult to make sense out of this disconnect (risk averse & lovers of risk both bidding up prices of different securities). Dow is pretty much at the May highs & closing in on the 11.2K high for 2010 high. But the disconnect keeps haunting me!
Dow Jones Industrials -- 2 months
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