Daily Investment Interpretations
December 15, 2009
All three indices fell today.
Yesterday's uplift has seen no follow-through. The
NASDAQ Composite slipped back`11.05
points, (-0.5%) to end at 2,201.05,
the Dow parted with 49.05
close at 10,452.00,
and the S&P 500 gave
to 1,107.93. Oil was unchanged at $70.79
a barrel, while gold fell
slightly to $1,123.
The VIX rose 0.34
Today's retrenchment is ascribed to rising credit card defaults and a compromised lending environment.
Michael Ashbaugh writes: Technical Indicator: Is S&P set for breakout?
Mark Hulbert offers, Adviser remains bearish on Treasury bonds.
Stock market futures are flat tonight.