Thursday, March 1, 2012

It's The Economy Stupid: Crude Oil Gets Cruder

 

Crude Oil is up sharply today on rumors of an explosion at a Saudi pipeline.  Nice.  Soon it’ll cost as much as a share of Apple stock to fill up your car.

 

Apple (AAPL) closed at 544.55 today.  Speaking of Apple, valued at over $507 Billion (also known as half a trillion dollars), it has over $100 Billion in CASH.  You could actually argue that trading at 15.5 times its trailing earnings, and 12.8 times next year’s estimated earnings, and with a growth rate of over 18%, it’s possibly UNDERvalued?!?! 

 

 

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

 

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

12980.300

28.2300

0.2180

7.6487

S&P 500 Index

SPX Index

1374.080

8.4000

0.6151

5.1863

NASDAQ Composite Index

CCMP Index

2988.970

22.0800

0.7442

9.1897

Russell 3000 Index

RAY Index

815.510

5.1500

0.6355

4.7406

Russell 2000 Index (Small)

RTY Index

815.210

4.2700

0.5265

1.0061

S&P 400 Mid Cap Index

MID Index

984.860

7.5000

0.7674

3.6626

S&P 600 Small Cap Index

SML Index

454.740

3.7200

0.8248

6.7100

TREASURIES

% Yield

 

 

 

 

3 Month Treasury

0.0763

 

-0.0050

-6.6667

 

6 Month Treasury

0.1268

 

-0.0050

-4.0000

 

2 Year Treasury

0.2893

99.922

0.0078

0.0078

 

5 Year Treasury

0.8926

99.914

-0.1641

-0.1639

 

10 Year Treasury

2.0313

99.719

-0.5469

-0.5454

 

30 Year Treasury

3.1509

99.500

-1.2813

-1.2713

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent

127.030

4.3700

3.5627

12.7986

Crude Oil, Louisiana Light Sweet

LA Light Sweet

126.960

2.5900

2.0825

6.4800

Natural Gas, Henry Hub Index

Nat Gas

2.462

-0.1540

-5.8869

-46.1656

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1716.430

19.5800

1.1539

19.7777

Spot Silver $/oz

SILVER

35.464

0.7812

2.2524

2.2778

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

1.331

-0.0016

-0.1201

-3.3970

Japanese Yen

JPY Curncy

81.100

-0.0500

-0.0616

0.9371

British Pound

GBP Curncy

1.595

0.0038

0.2388

-1.9245

Swiss Franc

CHF Curncy

0.906

0.0017

0.1880

2.4721

Canadian Dollar

CAD Curncy

0.986

-0.0040

-0.4040

-1.1865

Chinese Yuan

CNY Curncy

6.303

0.0067

0.1064

4.2268

FOREIGN INDICIES

 

 

 

 

 

FTSE 100 INDEX

UK

5931.250

59.7400

1.0175

-0.0760

CAC 40 INDEX

FRANCE

3499.730

47.2800

1.3695

-13.9513

DAX INDEX

GERMANY

6941.770

85.6900

1.2498

-3.8975

NIKKEI 225 INDEX

JAPAN

9707.370

-15.8700

-0.1632

-7.4817

HANG SENG INDEX

HONG KONG

21387.960

-292.1200

-1.3474

-7.2052

 

 

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Email:  jbroussard@treasusry.state.la.us

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