Daily Investment Interpretations

July 14, 2008

2008-7-14:  The dismal decline is continuing, with the S&P down 11 points, the Nasdaq Composite dipping 26 points, and the Dow slipping 45 points.  The VIX, after peaking above 29, closed at 28.5. It still may not be high enough for even a short-term bounce in the market averages. Further damage may be required. .