Daily Investment Interpretations

July 15, 2008

2008-7-15:  Savvy market analysts are beginning to call for an intermediate term rally (Todd Harrison: "The future is now" and Michael Ashbaugh: "Ashbaugh says intermediate low is near"). The S&P dropped another 14 points (slightly more than 1%) to 1,215. The Nasdaq remained essentially unchanged at 2,216, but approaching its March low.. The Dow fell 92 points to 10,962. Meanwhile, the VIX hit 30.8 before endng the day at 28.5.