Switzer on Saturday

Turning point time, Leo DiCaprio and cheaper shoes

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
16,466.30
396.66
2.47%
2.32%
S&P 500
1,940.24
46.88
2.48%
1.75%
NASDAQ
4,613.95
107.27
2.38%
0.50%
ASX 200
5,005.50
29.30
0.59%
1.82%
Data for week commencing 25 January

I wrote the headline to this story before the Yanks reacted to the Bank of Japan cutting interest rates and Wall Street took off. So it’s a good news morning that greets us in the Switzer Super Report (Saturday edition). Yahoo!

This week gave the feeling that we could be at a turning point. Clearly, the real game changer has been the apparent bottoming of the oil price. After plumbing the depths of $US26 a barrel, it has headed up to around $US32 a barrel for most of this week and, amazingly, it has held!