Daily Investment Interpretations
December 23, 2008
The stock market slipped a little bit further today. The NASDAQ
Composite gave up almost 11
to close at 1,522; the Dow slid 100
to 8419, and the S&P 500 backed down 8.47
to 863. Oil ended at $39.13, and gold fell to $838.10.
The VIX rose slightly to 45.
Dr. Irwin Kellner warns about the dangers of inflation a year from now when all of the money "printed" by central banks begins to circulate more freely in the world's economies: A year from now, the problem will be inflation, says Irwin Kellner.
Mark Hulbert warns against counting on the January Effect to influence stocks this year: Hulbert's January Effect warning.
Michael Ashbaugh's Tuesday technical analysis may be found here: Crash of 2008: The final chapter.