The Week Ahead: Eye on Black Friday
Last week was a short one, with the stock market closed Thursday and a shortened session Friday, but all the major indices were indeed up nicely for the week. That move extended the market rebound that began Nov. 16, and the Dow Jones Industrial Average is now up 6.5% year to date. The S&P 500 and the Nasdaq Composite Index are respectively up a more impressive 12% and 13.9% for 2012.
The shortened trading week was due to Thanksgiving, which happens to be my favorite holiday. We saw no meaningful movement on "fiscal cliff" dealing last week, so investors appeared to be assuming that no news means good news -- which means they were focused more on fundamentals than they were on political "maybes."...780 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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