Markets Trading In Narrow Zone, Remain Flat And Directionless
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December 31, 2013 - 12:32pm
Midday Market Commentary For 12-31-2012
At noon the markets are 'muddling' along at or near Friday’s closing. FX markets are closed and Bonds will be at 1 pm.
I am cautiously optimistic that the markets will close somewhere in the vicinity they are now. HOWEVER, if you are trading today I would be ready for a sudden market movement, either up or down. Otherwise and regardless of what happens today, the first trading day of 2013 is going to be the same 'ol, same 'ol.
Happy New Year – yeah, right!
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