Daily Investment Interpretations
February 23, 2010
The markets declined markedly today. The NASDAQ Composite fell a
to close at 2,213.44, the Dow backed off 100.97
close at 10,282.41, and
the S&P 500 closed
to close at 1,094.60. Oil fell to $8.82 a barrel, closing
at $80.05 a barrel.
Gold dropped $10,
ending the day at $1,103.
The VIX rose 1.43 to
The markets fell the way they did today because consumer sentiment unexpectedly plummeted today: Consumers recoil. Other bad news didn't help, either: King's ransom, 'Troubled bank' list grows, and Mixed view of home prices.
The only good news lay in Michael Ashbaugh's regular Tuesday technical assessment: Small caps back bullish case, Ashbaugh says.
My investment advisory service still considers this to be a buying opportunity.
Stock market futures are off slightly tonight.