Daily Investment Interpretations

August 22, 2008

2008-8-22:   Oil fell back today to where it started yesterday as Russian troops withdrew from Georgia, and the markets responded accordingly. The Nasdaq hopped up 24.59 points to close at 2,414.49, the Dow advanced 201.02 points to 11,628.06, and the S&P rose 24.59 to 1,292.18. The VIX fell 0.8 points to an ominous 18.6... entirely too much complacency for today's dour outlook.