Friday, January 21, 2011

A Day of Little Consequence

Besides GE beating 4th quarter estimates soundly and Bank of America missing badly (though the mainstream media call the earnings nember "confusing"), it was a pretty dull session.

Dow 11,871.84, +49.04 (0.41%)
NASDAQ 2,689.54, -14.75 (0.55%)
S&P 500 1,283.35, +3.09 (0.24%)
NYSE Composite 8,105.75, +29.03 (0.36%)
NASDAQ Volume 1,936,012,000.00
NYSE Volume 5,191,208,500

Declining issues held a 3321-3166 advantage over advancers. NASDAQ, the only major index to finish lower, recorded 53 new highs and 23 new lows. The numbers were 77 and 12 on the NYSE, respectively.

Oil dropped 48 cents, to $89.11. Gold continued an extended decline, losing $5.50, to $1,341.00. Silver fell 5 cents, to $27.43. All trends seem to remain in place for a top and correction, soon.

Americans continue to decline in education, living standards and general decency. These trends can be reversed, though it takes work, another thing seemingly in decline in the USA.

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