Daily Investment Interpretations

September 9, 2009

2009-9-9:  The markets are up again today, folks.. The NASDAQ Composite increased 22.62 points, (1.11%) to end at 2,060.39, the Dow gained 49.88 points (0.53%) to finish at 9,447.22 and the S&P 500 added 7.98 points (0.78%) to end at 1,033.37. Oil advanced to $71.69 a barrel, while gold moved back down $3 to $997. The VIX fell 1.3 to 24.32.
    My technical advisory service has re-visited the theme that we're in a secular bear market which may be expected to last for several more years, and that what we can expect in the interim are what it terms "mini-bull" markets (what I've termed "cyclical" bull and bear markets), with a downward long-term bias. It is looking for a move over the next year-or-less to 1,200-to-1,300 on the S&P 500. The service also supports that idea that there are emerging markets that are not mired in secular bear markets, and that these emerging markets (the BRIC countries) offer a chance at greater profits than the U. S. markets.