Daily Investment Interpretations
September 3, 2008
The price of oil dropped a little further today in spite of three new hurricanes
in the Atlantic. A worldwide economic slowdown seems to be overpowering oil
shortage concerns. In the meantime, the Nasdaq fell 15.51 points to 2,333.73,
the S&P declined 2.6 points to 1,274.98, and the Dow rose 15.96 points to
11,532.88. The VIX fell from 21.99 to 21.43. (U.S. stocks finish mostly lower in face of economic jitters)
In short, not much happened.
Mark Hulbert has released the article Wanted ómore pessimists.