STTG Market Recap January 8, 2013
From Stock Trading To Go
January 8, 2013 - 6:30pm
Stocks continued to pull back Tuesday but markets came off their worst levels with a late day rally. Remarkably the S&P 500 is down 8 of the past 11 sessions but since 2 of those sessions were so immense to the upside, the market is up in that time frame. The S&P 500 fell 0.32% and the NASDAQ 0.23%.
Economic data continues to be light this week although Tuesday marked the release of an interesting consumer debt report. We've seen massive expansion of student debt (the next great bubble) over the past decade, and accelerating since the beginning of the Great Recession and that continues.
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