The Non-Week that was. Markets remain flat
Submitted by WC Power Tech Fund
Although financially, politically and economically a lot happens each and every week in this game, sometimes you wouldn’t know it by looking through the stock pages. Both the Bulls and Bears are pushing for some direction but neither is making any headway.
The tally on the S&P for the week, barring a late Friday afternoon directional miracle: +0.6%!. The same for the Dow Jones, while the Nasdaq lags at a weekly loss of 0.3%.
As Options expiration nears at the end of next week, Traders will likely have more ammunition to find a direction. So as one of the more brilliant pieces of advertising these days dictates:
Stay thirsty, my friends.
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