Daily Investment Interpretations
September 29, 2010
(Wednesday Night): The
markets closed a tad lower today. The NASDAQ Composite subtracted 3.03
to 2,376.56 The Dow dropped 22.86
to close at 10,835.28,
and the S&P 500 dipped 2.97
to end at 1,144.73. Oil ended at $77.83 a barrel,
while Gold closed at $1,309. The VIX rose 0.65
Michael notes that Major U.S. benchmarks hold the range top. Stocks are trading in a new range , but it's above the old trading range.
Todd Harrison warns, Market vets put mouth where money is, that the stock market will fall before the end of the year... at least, I think that's what he's saying (like the "widow's peak" that was imminent in June, 2009, but that actually arrived in April, 2010?) And he's reminding you that he foretold all this long ago... at least, that's what I think he's saying.
I'll have to add synopses of the following articles in the morning. Amber has been with us all day, and I've run out of time.
September has defied the odds in a big way
Bank of Japan likely to ease further
Protests sweep Europe
Skepticism greets tougher EU budget plan
America’s choice: Hypocrites or cowards
America on the brink of a Second Revolution