Daily Investment Interpretations

February 12, 2009

2009-2-12:  The markets fell today and then rallied sharply in the last hour of trading upon rumors that the administration is floating a means-testing mortgage relief plan.. The NASDAQ Composite increased 11.21 (0.73%) to 1542, the Dow dwindled 6.77 points (-0.09%) to end at 7,933 and the S&P 500 rose 1.45 points (0.17%) to close at 835. Oil ended at $34.58, while gold increased to $949.50 The VIX fell to 41.25.  
    There isn't a whole lot else to tell. Paul Krugman has written Permanent Link to Deflation risks, again, in which he estimates that wage inflation has hit zero percent, and is heading down. He suggests that President Obama is, perhaps, a bit too diffident about nationalizing our banks in Permanent Link to Obama on nationalization.