Slow but Positive Action
The market continues its run of positive but very slow action. Apple (AAPL) grabbed most of the attention today but the market had a solid close with positive breadth and gains in the indices. Volume was light and buyers weren't tripping over each other to load up, but the bears are having little success and a foundation of support is building.
There isn't any big mystery as to why the market is acting this way. There is high degree of confidence that a fiscal-cliff deal will be made and market players want to make sure they have some long exposure so they don't miss out. On the other hand, there are doubts about our politician's ability to make a deal, and concerns about the economy even if the fiscal cliff is no longer an issue....115 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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