Daily Investment Interpretations

November 25, 2008

2008-11-25:  The Dow and the S&P added half a percent today, while the NASDAQ Composite fell half a percent. The NASDAQ lost 7.29 points (0.5%) to close at 1,465, the Dow accrued 36.08 points (0.43%) to end at 8,479, and the S&P eased up 5.58 (0.66%) to 857. Oil and gold were essentially unchanged. The VIX fell 3 points to 60.9.
    The real news today was about the Fed's $800 billion plan to bolster consumer lending and housing: Fed unveils $800 billion plan to bolster lending, housing.
    Michael Ashbaugh makes it clear that the long-term trend in this market is down: Ashbaugh pits rally vs. crash momentum.
    Here is what looks like a well-seasoned set of thoughts about what might be coming next: Does This Rally Have Legs?. The author is calling for as much as an 18% boost in prices between now and January.