Weekly market wrap-up
Friday, July 18th, 2008This week confidence moved back into the markets. Oil and gold finished the week lower, as did the VIX at 25. The VIX finished the week 2 points lower, when combined with the other indicators demonstrates a stronger look to equities.
The DOW and NASDAQ even finished the week positive, at 2.6% AND 0.8% respectively. www.aestocks.com finished another week with double digit gains - 10.3%. This comes on the back of a 43% gain last week, and 16% the week before that. AEStocks.com is up 108% for the past 30 days.
Next week is very busy, as far as earnings go. The confidence built this week, will continue to drive the markets bullishly in the week to come.
