Daily Investment Interpretations

July 30, 2008

2008-7-30:  This is getting a little interesting. The Nasdaq Composite jumped another 10 points today to 2,329.72, closing above its previous July 22nd high 2,325.88. The Dow soared another 186 points to 11,583.69, below its July 22nd high of 11,632.68. The S&P swelled by 21 points to 1,284.26, which, like the Nasdaq, was above its July 22nd high. The cited cause for this mirth and merriment was the fact that the private-sector job count rose slightly instead of falling.
    The VIX dropped 0.82 points to 21.21, while oil rose to $126.77 a barrel.