Friday, December 31, 2010

Markets close mixed on low trading

Dow rose 7 to within a hair breath of the yearly high made earlier this week, advancers 5-4 ahead of decliners & NAZ was fell 10.  The Financial Index shows bank stocks inched higher. 


S&P 500 FINANCIALS INDEX

Value 214.77 One-Year Chart for S&P 500 FINANCIALS INDEX (S5FINL:IND)
Change   0.44  (0.2%)



The MLP index inched up still in the 363s (2 below its recent record high) & the REIT index fell a fraction into the 223s.  Junk bond funds eked out gains after falling at least 5% during Q4.  The yield on the 10 year Treasury bond fell 6 basis points to 3.30%. 


Treasury Tields:


U.S. 3-month
0.12%
U.S. 2-year
0.59%
U.S. 10-year
3.30%


Alerian MLP Index   ---   YTD



Dow Jones REIT Index   ---   YTD



10-Year Treasury Yield Index   ---   YTD




Buying brought oil back above 91, encouraging for the bulls.  Gold is just below its record high in the 1420s. 

CLG11.NYM...Crude Oil Feb 11...91.32  .......1.48  (1.7%)

GCF11.CMX...Gold Jan 11......1,418.90 ...Up 13.30  (1.0%)
$$ Gold Super Cycle $$  
 
 
The close of markets today will bring the decade to a close.  As a reminder, the number system of the calendar goes from years 1 thru 10, etc.  This has been a very tough decade for some of the biggest companies.  Here's a few of the Dow stocks along with Citigroup (C), a Dow stock at the start of the decade.  Also, all but Cit had been Dividend Aristocrats. In addition, a chart for the Alerian MLP Index is added.  It's had a fantastic decade, helped by its outstanding recovery from its lows 2 years ago.  The index also has been yielding at least 6% annually, making for an excellent track record.  AMJ, a closed end stock fund,  was started in recent years to track AMZ.  MLP tax hassle scares away some investors, but there are ways to directly participate in the growth of a few prominent MLPS.  Kinder Morgan (KMR) and Enbrdige Energy (EEQ) are 2 stock equivalents which track their respective unit prices & pay stock dividends equivalent to distributions paid to unit holders, very tax efficient.
 
General Electric   ---   1 decade



 
Pfizer   ---   1 decade



 
Merck   ---   1 decade
 


 
Bank of America   ---   1 decade
 


 
Citigroup   ---   1 decade
 
 


Alerian MLP Index   ---   1 decade
 
 


 
Dow ended the last decade at 10,788 & finished the first decade of the 21 century at 11, 577.  I look forward to talking about very smart investing in the next decade!
 
 Dow Jones Industrials   ---   1 decade
 
 
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