Thankful that thanksgiving is here.
(2007-11-18 18:56:27)
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The coming week is the best we can get right now for the stock market. it is a shortened week due to the Thanksgiving, and many traders are heading out of the town early, whoever left to man the business is only the care-taker, thus, we probably will see volumn get even thinner, and the market stays within the trading range.
For the financials, it is probably safe to say that we will not hear more bad news in the week. Because the top guys are out of the town, the lower level guys do not have the authority to annoce any major news. So, that will help the market as well. No news is good news
From any perspective, the market is in a bad shape. the Bears have the momentum. and ordinary investors stay jittery.. SO, this pause is good for the bull, and if the history holds, we will see a few up days befoere and after the Thursday.
So, relax and enjoy a few turkey/ham, pumbkin pie etc, for after the week, we will do a reality check to see whether the Holiday sale is as weak as many believed, if more people turned out shopping, then, we can still have a decent December.
so, let\'s eat and shop :)