Daily Investment Interpretations
October 27, 2009
This was another
wild day in the trading pits of the money changers.
The NASDAQ Composite tumbled a whopping 25.76 points, (-1.2%) to end at 2,116.09, the Dow rose 14.21 points (0.14%) to finish at 9,882.17, and the S&P 500 lost 3.54 points (-0.33%) to 1,063.41. Oil declined to $79.44 a barrel, while gold fell to $1,035. The VIX climbed 0.52 to 24.83.
I haven't the first clue why this has happened. However, the divergence among the three major indices looks discomfiting to me. After today, it would probably be best to stand aside and wait to see which way this market will break (The S&P would have to fall another 1% to 2% to match previous pullbacks.)