Daily Investment Interpretations

January 2, 2009

2009-1-2:  The markets rose a lot today. The NASDAQ tacked on 55.18 (3.5%) to close at 1,632.2, the Dow annexed 258.3 points (2.94%) to close at 9,034.6 and the S&P 500 tacked on 28.55 about (3.16%) to enter 2009 at 931.8. Oil popped $1.74 a barrel to end 2008 at $46.34 a barrel, and gold lost $4.80 to $879.50 an ounce. The VIX fell 0.81  to 39.13.
   
I don't see anything in the way of market analyses today. Things probably won't really pick up until next week.
    I've only invested about 10% of my cash in the Chinese stocks/ETFs recommended by the Cabot China and Emerging Markets newsletter. (The China index exchange-traded fund FXI is probably a good choice for such investments. Call options are available on FXI if or when the Chinese stock market looks safer... i. e., if volatility drops back to more normal levels... VIX below... 25?)