Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Thursday, October 6, 2011

Thursday Market Action

The SP500 peaked at 1165.55 late in the session and closed marginally lower at 1164. 97, for a gain of 1.83%.   Moves well above 1% are commonplace these days.  The gain came against declining momentum, which is now close to zero.

Obviously the correction continues, but it looks pretty tired at this point.

Not much to add until the decline resumes.

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