Daily Investment Interpretations
August 11, 2008
After clipping $113 a barrel, crude oil rose to close at $114.45. The
stock market responded accordingly, with the S&P peaking at 1,312¾ before
closing up 9 points at 1,305.32. The Nasdaq climbed almost 26 points to 2,440.
The Dow scored 48 points to 11, 982.
The VIX fell to 20.1.
Although there are dismal warnings about what lies ahead, the stock market continues to make a steady intermediate-term recovery