Friday, October 26, 2012

Flat, Nowhere to Go, Markets Stall

It's really difficult to put into words just how... searching... searching... searching for the right word... inconsequential (?) this stock market is.

Following today's non-action - up, down, up and then flat at the close - one can only assume that the machines are fully in charge, skimming nickels and dimes off trades for their human masters, the Goldman Sachs and Merrill Lynchs of the world.

For the rest of us, nothing. If the market really does hate indecision, how much does it hate not being able to adequately define itself.

Ponder that over the weekend while hurricane Sandy gets ready to pound the East coast. It should arrive on Wall Street just in time for Tuesday's opening bell. Nothing like a major natural disaster to get those "animal spirits" flowing. Should be good for 10 or 12 points on the Down Jones Industrials (no, that was not a typo).

Have a happy weekend. This blogger is headed for happy hour, because nothing beats being happy. LMAO

Fiscal Cliff. Just in case any bots are looking.

Dow 13,107.21, +3.53 (0.03%)
NASDAQ 2,987.95, +1.83 (0.06%)
S&P 500 1,411.94, -1.03 (0.07%)
NYSE Compos... 8,190.17, -21.74 (0.26%)
NASDAQ Volume 1,766,343,750
NYSE Volume 3,233,096,000
Combined NYSE & NASDAQ Advance - Decline: 2267-3160
Combined NYSE & NASDAQ New highs - New lows: 102-92
WTI crude oil: 86.28, +0.23
Gold: 1,711.90, -1.10
Silver: 32.04, -0.042

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