Daily Investment Interpretations
August 4, 2008
Stocks fell again today, with the Nasdaq dropping 25.4 points to
2,285.56, the S&P 500 giving up 11.3 points to close at 1,249, and the Dow
falling 42.17 points to 11,284.15. The big news of the day was that oil hit a
new low, dipping at one point below $120 a barrel. At the moment, it's running a
little above $120 a barrel (see Irwin
Kellner: The law catches up to oil.). The VIX
gained 0.92 points to close at about 23.5... a respectable amount of respect for
Inflation posted its highest monthly gain since 1981.
Mark Hulbert has just published this article: Lower rate of interest worries contrarians.