Daily Investment Interpretations
September 12, 2008
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?