Dow lost 69 (with light selling into the close), advancers slightly head of decliners & NAZ fell 9. The Financial Index was down 1 to 175 after a substantial decline this year..
The Alerian MLP Index finished the year just under the 390 highs set 8 months ago, quite an accomplishment in an otherwise dismal year. The Dow Jones REIT index gained 8 or 4%, not bad when dividends are considered a bonus. Junk bond funds gained around 5%, again a decent showing when combined with yields of 8-10%. Oil was about even, falling short of closing above the magic $100 level. Gold had a rough period in the last 4 months, but still managed a 10% gain which extended its winning streak to 11 years (when most stocks have only been marking time).
ALERIAN MLP Index
DJ REIT INDEXDJR
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif)
The year was supposed to see an extension of the 2 year rally, one of the greatest in history. But it wasn't. European debt issues were the biggest drag along with chaos in DC about solving the country's deficit problems. After losing their elite credit rating, Treasuries still had one of their best years ever. The yield on the 10 year Treasury bond dropped 150 basis points to close at 1.87%, near its record lows reach in Oct. This was a winner year for yield securities.
Next year is very touchy at best. The European debt issues are not going away time soon. The US has to deal with its massive borrowings, which are still growing at over $4B every single day. The end of Feb is close & that's when hard decisions have to made about extending tax cuts & unemployment benefits with both sides digging in their heals. In 2012, high yield securities may end up being the biggest winners again.
Dow 30
2010 11,577
2011 12,217... up 5.5%
S&P 500
2010 1,257.
2011 1,258... essentially even
2010 363
2011 389... up 7% & just below the 390 record
The Alerian MLP Index finished the year just under the 390 highs set 8 months ago, quite an accomplishment in an otherwise dismal year. The Dow Jones REIT index gained 8 or 4%, not bad when dividends are considered a bonus. Junk bond funds gained around 5%, again a decent showing when combined with yields of 8-10%. Oil was about even, falling short of closing above the magic $100 level. Gold had a rough period in the last 4 months, but still managed a 10% gain which extended its winning streak to 11 years (when most stocks have only been marking time).
ALERIAN MLP Index
DJ REIT INDEXDJR
Click below for the latest market update:
Treasury yields:
U.S. 3-month | 0.010% | |
U.S. 2-year | 0.239% | |
U.S. 10-year | 1.876% |
| CLG12.NYM | ...Crude Oil Feb 12 | ...98.95 | ... 0.70 | (0.7%) |
The year was supposed to see an extension of the 2 year rally, one of the greatest in history. But it wasn't. European debt issues were the biggest drag along with chaos in DC about solving the country's deficit problems. After losing their elite credit rating, Treasuries still had one of their best years ever. The yield on the 10 year Treasury bond dropped 150 basis points to close at 1.87%, near its record lows reach in Oct. This was a winner year for yield securities.
Next year is very touchy at best. The European debt issues are not going away time soon. The US has to deal with its massive borrowings, which are still growing at over $4B every single day. The end of Feb is close & that's when hard decisions have to made about extending tax cuts & unemployment benefits with both sides digging in their heals. In 2012, high yield securities may end up being the biggest winners again.
Dow 30
2010 11,577
2011 12,217... up 5.5%
S&P 500
2010 1,257.
2011 1,258... essentially even
Alerian MLP Index
2010 363
2011 389... up 7% & just below the 390 record
Dow Industrials
S&P 500
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