Daily Investment Interpretations
July 30, 2008
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.