Daily Investment Interpretations

August 11, 2008

2008-8-11:  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