Daily Investment Interpretations

September 12, 2008

2008-9-12:   The price of oil rose slightly to $101.18 as Hurricane Ike bears down on Galveston and Houston. Otherwise, the market remained little changed, with the Nasdaq up 3 points to 2,261.27, the Dow down 11.72 points to 11,421.99, and the S&P up 2.65 to 1,251.70. The VIX jumped 1.27 points to 25.66.
    The skeleton that is rattling around in the closet is the question of what will happen to Lehman Brothers. And after Lehman Brothers, what about AIG?