The Market’s a Tortoise, Not a Hare
David Brown submits:
The market continued to inch ahead Monday, with the S&P 500 taking another aim at the 18-month high of 1180 which it reached last Thursday before backing off a bit on Friday. The only thing nudging the market forward seems to be the lack of anything really negative. The economic releases over the past week and Monday were either at or slightly above projections, and we seemed to have dodged the bullet on a couple of portentous events.
For example, the poor consumer sentiment reading by the Conference Board in February seems to have been anomalous, and it appears that progress is being made in the Greece-related problems in Europe that will likely preclude any long-term negative effect.
Investing, Long Term Investment, stock market | admin March 30, 2010
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