Daily Investment Interpretations

June 24, 2009

2009-6-24:  The markets moved up more or less today, but not with any conviction.
    The
NASDAQ Composite ended the day up 27.42 points (1.55%) to 1,792.34, the Dow lost 23.05 points (-0.28%) to close at 8,299.86, and the S&P 500 added 5.84 points (0.65%) to end the day at 900.94, minutely above its 50-day and 200-day moving averages  Oil dropped a paltry $0.21 to  $68.46 a barrel, while gold climbed $10 to 934. In other words, fear of a further economic decline slightly outweighed optimism, but the VIX shrank 1.53 to an optimistic 29.05.
    We'll see what tomorrow brings.