Friday, December 28, 2012

You're a Mean One Mister Grinch

A flow of news flashes on Thursday provided for a lot of drama in the market. The market has now been down for 5 days in a row. The Grinch stole our Christmas rally.


Fiscal Cliff negotiations are acting as a catalyst for market volatility; a great deal is at risk.  Consequently, GWM Model Portfolios are largely in cash at the moment.








This chart provided by Stocks to Go shows just how news-driven this market is.

The Bears are gaining ground.


















Volatility Spikes
(The Woody Indicator)

The level of fear in the market spiked up sharply on Thursday.



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