Daily Investment Interpretations
September 10, 2008
2008-9-10: The price of oil fell to $102.58. The Nasdaq climbed 18.89 points to close at 2,228.70, the Dow rose 38.19 to 11,268.92, and the S&P gained 7.53 points to end at 1,232.04. The VIX gave up another point and fell to 22.54. Taken all-in-all, it looks to me like a technical bounce from a somewhat oversold state, while the long-term trend continues to be downward.