Daily Investment Interpretations

July 21, 2008

2008-7-21:  The indices treaded water again today. The S&P closed at 1,260 even, the Nasdaq ended at 2,289.53, down three points, and the Dow fell 29 points to end the day at 11,457.34. The VIX fell a point to 23. (Note, though, that Mark Hulbert has just published a study entitled, "Don't use VIXas a crystal ball".) He has also published another article tonight entitled, "Market timing model based on Value Line data has turned bullish".