Daily Investment Interpretations
December 22, 2009
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
close at 10,464.93,
and the S&P 500 eased
to 1,118.02. Oil climbed to $74.33
a barrel. Gold dropped $9
The VIX slipped 0.95
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.