Daily Investment Interpretations

August 26, 2008

2008-8-26:   Oil jumped $1.16 to $116.27 a barrel as Hurricane Gustav heads straight for the Gulf of Mexico. It's path has shifted so that it no longer threatens the Cuban mainland but is, possibly, free to grow to a stronger hurricane inside the Gulf.
    The markets closed basically flat, with the Nasdaq down 3.62 to 2,361.97, the Dow up 36.62 to 11,412.87, and the S&P up 4.67 to 1,271.51. The VIX has ended the day at 20.5. Mark Hulbert: Contrarians wonder where all the bears are