Daily Investment Interpretations

October 23, 2009


2009-10-23:  Whoops! The markets have tumbled again today, erasing yesterday's gains. It looks as though the markets are, possibly, in a topping phase preliminary to a deeper pullback (e. g., down to, maybe, 1,050 on the S&P 500).
 The NASDAQ Composite gave back 10.82 points, (-0.05%) to end at 2,154.47, the Dow tumbled 109.13 points (-1,08%) to finish at 9,972.18, and the S&P 500 climbed 13.31 points (-1.22%) to 1,079.60. Oil declined to $79.64 a barrel, while gold fell to $1,056. The VIX climbed 1.58 to 22.27.