Daily Investment Interpretations
July 26, 2010
The markets rose again today. The NASDAQ Composite added 26.96
to finish at 2,296.43. The Dow gained 100.81
to close at 10,525.43,
and the S&P 500 regained
to end at 1,115.01. Oil ended at $79.05 a barrel, while Gold
closed down at $1,187. The VIX fell 1.12
The most important piece of news today may be the fact that my investment advisory service advises that the correction that began in April is fading. They're maintaining and re-emphasizing their "buy" signal. Meanwhile, Second quarter gets no respect.
This article about BP CEO Tony Hayward is significant primarily in terms of what the author says about U. S. executive compensation: Hayward likely wanted this all along: Arends.