April 27, 2009
The indices dropped a little today in the face of a possible flu pandemic.
The NASDAQ Composite fell 14,88
to end the day at 1,679.
to close at 8,025,
and the S&P 500 increased 8.72
points (-1.01%) to 858.
Oil rose slightly to $49.59, while gold parted
to finish at $908.20. The VIX jumped 1.5
Mexico's death toll had risen to 149 by this morning. The U. S. has
now confirmed 48 cases. New Zealand has an additional 58 suspected cases.
Australia is monitoring 19. The World Health Organization raised its
threat level from three to four today. (Level five means that a pandemic
is on its way, and level six means that a pandemic is in process.)
It's possible this swine flu epidemic could quietly run
its course over the next few weeks and then disappear: Ways to go before outbreak becomes a pandemic.
The next week or two should tell a lot..