Daily Investment Interpretations
July 14, 2009
markets were mixed today, with the Dow
dropping a little, and the Nasdaq
and the S&P 500
climbing a little..
Composite rose 6.52
the Dow shed 27.81
close at 8,359.49,
and the S&P
500 took on 4.79
to end at 905.84
Oil ended the day at
a barrel, while gold
was unchanged at $923.
An investment advisory service that normally doesn't comment on the economy or the markets warned this afternoon that the economy is a lot weaker than it's cracked up to be, and that a major drop in the stock market may lie just ahead.
In juxtaposition to that, the Institute for Economic Research' Index of Leading Indicators, with a sterling track record for chronicling recessions, is forecasting better days just ahead, with the economy bottoming this summer.
Michael Ashbaugh has weighed in with Tuesday's technical analysis: Michael Ashbaugh: S&P dodges bullet for now.