S&P 500 Snapshot: What, Me Worry?
From dshort.com - Advisor Perspectives
January 29, 2013 - 4:49pm
Jan 29, 2013 Doug Short The S&P 500 started the day with some hesitancy during the first hour of trading -- up, down, up, down -- with the 1500 level as the fulcrum. But after the first hour, the market began chugging forward to its closing gain of 0.51%, a new interim high, thus resuming the huge January rally after yesterday's slight pause. And speaking of that first hour of trading, at 10 AM the Conference Board released the January Consumer Confidence report. It was a stunning decline from the previous month and shows us that consumers are as depressed as ever. But clearly our Alfred E. Neuman market is not.More...
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