Daily Investment Interpretations
November 4, 2009
After rising as much as
15 points during the day, the S&P 500 ended about where it started. The
NASDAQ Composite took
to end at 2,055.52,
the Dow climbed 30.23
end the day at 9,802.14, and
the S&P 500 garnered 1.09
Oil jumped $2.41
a barrel, while gold soared
The VIX climbed 3.15
a barrel, while gold rose
to its highest level ever at $1,087.
The VIX dropped 1.09
Friday, the monthly non-farm unemployment numbers will be released. Marketwatch' David Callaway explains that investors don't want to be long the market if Friday's job numbers disappoint, but also don't want to miss upward moves in the November-December time frame: Fed to markets: Let the bubble blow.
My advisory services are still sitting and watching. So far, the markets haven't made decisive moves, and the volatility is quite high.
Stock futures are down about 0.4% tonight.