Here's a few interesting numbers to watch. The indexes started the year at these levels and are currently at: DJIA Start 12463 Now 13110 +5.19% Nas Start 2415 Now 2618 +8.4% S&P500 Start 1418 Now 1451 +2.33% Russel Start 787 Now 771 -2.03% Kind of interesting. The Russel is actually negative for the year while the S&P500 is only 33 points away from break even. The Dow and the Nasdaq still have a bit to go but it's very possible they could finish negative for the year. Not a very good sign if they do. What's your bet?
?.............year-end, tax-related selling could be over.......holiday-related, bargain hunting could be starting......the market can grind higher for a good "January Effect" rally. Stay tuned.
Russel has underperformed nearly every index, its quite pathetic, I think the s&p could end up negative on the year, only thing helping out the markets the second half of this year is Tech. If tech starts to lose ground the nasdaq is looking for the 1st half of 2008 to be a negative one.
You forgot to mention the year end Santa Clause Rally. January Effect and Santa Clause Rallies are the best excuses to buy stocks, right??? What a damn joke.....