Last Friday the S&P closed 1251.7. Currently it is 1251.3
Last Friday the Russell 1000 closed at 682.8. Currently it is 682.4
So both are flat
A pretty boring week all things considering
(please note - we had a historic 4 days of 4%+ moves in between)
Just imagine if you went on vacation a week ago without internet access, and then came back home on Saturday (tomorrow) and peeked in on the market... didn't miss a thing!
It's almost like the government closed the stock market for a few days... I know, it sounds SOOO outrageous that would NEVER happen here.
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3 comments:
"The SEC is attempting to curtail market manipulation. But it is doing so by manipulating the market"
- my favorite and most accurate quote from today (CNN money)
I believe in the free market and this is pissing me off. I pulled all investments until this makes some logical sense. This is like another Iraq war.... when will victory be declared on an unclear battleground? When will the SEC withdraw its forces? What are its true intentions here? Rather than let parts of the American economy face the repercussions of their own actions, they are being kept alive... as cripples... how do you build further on this?
Deep down inside I, like the early morning rays of the newborn sun on a deep, blue, pristine lake, reflect... still without warmth but holding the promise of hope.... and hope is what has the power to make us whole.
I then ask myself the question of all questions...
What is Hal 9000 thinking right now?
That's interesting, that despite of week of the biggest daily changes in indexes since 9/11, indexes seem to be almost flat in comparison with last friday.
I hope that at least day traders have fun.
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