Daily Investment Interpretations
September 3, 2009
The markets have bounced today after the first four-day losing streak
since March. The
to end at 1,983.20,
the Dow addeded 63.94
finish at 9,433.61
and the S&P 500 dropped
to end at 1,003.24.
Oil was little-changed at
a barrel, while gold added $19(!)
The VIX moved down 1.8
For yet another day, there was heavy buying in the last few minutes, and this time, the markets soared.
My technical advisory service is still entirely into holding cash or shorting the markets. My advice is still: raise cash.
Meanwhile, Global rebound on tap?, Optimism sprouting over U.S. growth, and 5 reasons to be bullish.