Markets Appear To Be Headed Down, But Don't Count On It
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January 30, 2013 - 4:16pm
Closing Market Commentary For 01-30-2013
No surprises from the FOMC and the markets remain almost flat after the meeting announcement. The Russell 2000 started to fall almost immediately which is something like the canary in the coal mine warning of danger.
Markets closed down, flat and in my opinion, directionless. Yes, they are down, but not out as they say. Anything could push the averages higher OR lower for that matter. It 'looks' like we are going to see more 'correction', but I wouldn't bet on this market behaving like you would like it to.
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