Dull and Dreary
It was another day of very lackluster holiday trading. We didn't have any big rush for the exits but there was a slow drip of selling all day and no real buying interest. What bothers me most about this market is that there hasn't been any real trading action. Normally in thin trading like this there are a few things of interest, but traders don't seem to have any interest, which means we don't have any pockets of activity.
This has been going on for weeks but the only thing that continues to matter in the near-term is the fiscal cliff. We had selling pressure today because there was no news of any progress. In fact, there seem to some worries that the politicians won't even manage some limited deal to kick the can down the road for a few weeks....147 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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