Daily Investment Interpretations
January 19, 2010
The indices gained more today than they lost last Friday, reaching new
post-recession highs. The NASDAQ Composite increased 32.41
to close at 2,320.40, the Dow climbed 115.78
close at 10,725.43, and the S&P 500
closed up 14.2
to 1,150.23. Oil ended the day at $78.59 a barrel.
Gold donned $13
to end at $1,141.
The VIX fell 0.33
The reason for today's exuberance: a Republican won Ted Kennedy's Senate seat in Massachusetts, breaking the Democrats' filibuster-proof control of the Senate, and endangering the passage of the new health care bill, allowing health care companies to keep raising their prices and their earnings: Obamacare at the precipice.
And that's about all the news that I can find tonight.