Tuesday, August 13, 2013

Dull and Duller Market Nears Midweek

About the most exciting thing that can be said about the stock market this week is that it's nearly to the middle of it.

The same pattern that has persisted for the better part of two weeks - down in the morning, up in the afternoon - showed itself again today, taking the Dow on a 150+ point round trip.

Carl Icahn tweets that he has a position in Apple and the stock gains five percent. Nice to have money.

Otherwise, there's the Hindenburg Omen sitting out there, making some investors a little fidgety. Others still are making hay. The rest are still making out with other traders' wives in the Hamptons.

And so it goes. If it gets any duller, the exchanges may have to call in clowns and magicians just to keep people interested.

In fact, maybe that's not a bad idea. Between the politicians, the bankers and the fed governors, they have the requisite talent already waiting in the wings.

Advancers to decliners was completely out of whack today, another moment for fans of that Hindenburg thingy.

Dow 15,451.01, +31.33 (0.20%)
NASDAQ 3,684.44, +14.49 (0.39%)
S&P 500 1,694.16, +4.69 (0.28%)
NYSE Composite 9,630.59, +21.56 (0.22%)
NASDAQ Volume 1,590,814,000
NYSE Volume 3,284,255,000
Combined NYSE & NASDAQ Advance - Decline: 2953-3896
Combined NYSE & NASDAQ New highs - New lows: 261-220
WTI crude oil: 106.83, +0.72
Gold: 1,320.50, -13.70
Silver: 21.34, +0.004

No comments: