The Week Ahead: A Veritable Roller Coaster
If I were to submit to a Rorschach test that had me looking at last week's charts for the major U.S. indices -- the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite -- my response would be "roller coaster." That's before this Friday's deadline for congressional budget sequestration.
Tracing the ride taken by the indices last week, stocks climbed into the middle of the week, only to drop late Wednesday following the release of the most recent Federal Reserve minutes from the latest Federal Open Market Committee meeting. That late-session drop continued through Thursday, but the market proceeded to rebound Friday. Despite the gyrations, the Dow and the S&P 500 were little changed, even though the Nasdaq dipped 1% for the week. I attribute that fall-off more to last week's decline in Apple (AAPL) shares....776 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
