Daily Investment Interpretations

July 7, 2008

2008-7-7:  The S&P 500 followed the Dow into bear country today, closing at 1,252, five points below its March intraday low. The charts tell the story. The Nasdaq Composite is approaching its March low. Oil fell a few dollars a barrel today, but regained part of its loss. The VIX struggled up to 26¾ but closed at 25¾, up a full point from Friday's close..