Monday, December 31, 2012

S&P 500 close 12/31

Seemlingly tragedy has been averted.  The framework for a deal has been laid out and the stock market rallied as rumors spread about the possibility even though the market closed without a deal in place.  Let's give it 36 hours to see some details and let the market digest the specifics.  It still has to be voted on and that could still get interesting.  The move today reversed the downturn in long term momentum indicator.  But it may take some follow up to maintain.  Still watching...

No comments:

Post a Comment