Daily Investment Interpretations

December 22, 2009

2009-12-22: The Nasdaq Composite and the S&P 500 established new highs for the year, breaking out of their trading ranges. . The NASDAQ Composite upwelled 15.01 points, (0.67%) to close at a new high at 2,252.67, the Dow rose 50.79 points (0.49%) to close at 10,464.93, and the S&P 500 eased upward 3.96 points (0.36%) to 1,118.02. Oil climbed to $74.33 a barrel. Gold dropped $9 to $1,087. The VIX slipped 0.95 to 19.54.   
    For what very little these prognostications are worth, here are a few for 2010: 11,500 in 2010?, Low returns normal? Don't buy the hoax, Hold on tight, and Hulbert: Honor Roll newsletters more bullish.
    We're now in the middle of the Santa Claus rally, with 1½ trading days left this week, and 3½ trading days left next week before the end of the year.