Daily Investment Interpretations
January 6, 2010
The markets more or less treaded water again today. The NASDAQ Composite ended
the day down 7.62
to close at 2,301.09, the Dow inched up 1.66
close at 10,573.68,
and the S&P 500 annexed
to 1,137.14. Oil climbed to $83.04 a barrel.
Gold gained $18
The VIX fell 0.19
There wasn't a lot of openly published news today. Private payrolls shed 84,000: ADP was presumably good news compared to the 600,000+ layoff numbers that prevailed last spring. One study notes that a number of bears are capitulating ("Too much of a bullish thing"), which, from a contrarian point of view, isn't a good sign.