Daily Investment Interpretations
November 25, 2008
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.