Daily Investment Interpretations
April 26, 2010
soaring overnight, the markets fell back a little today: Sixth straight gain for Dow ... barely.
The NASDAQ Composite
to close at 2,522.95, the Dow inched up 0.75
to 11,205.03, and
the S&P 500 dropped
to close at 1,212.05. Oil fell to $83.82 a barrel,
while Gold was unchanged at $1,154.
The VIX rose 0.85
My investment advisory service observes that a recovery is virtually assured. The markets are quite "overbought" on a short-term basis, but intermediate-term, all their indicators look good. Still, an intermediate-term (two month) reversal could occur at any time. Otherwise, there isn't much news.
Economist Andy Xie writes: China's economy gone wild.