Gainers and Losers

Wednesday, June 30, 2010

Deceivingly Stable

Today marks the end of the second quarter on Wall Street, and the 0.01% change in the DJIA as we near the close implies that it has been a calm end to the quarter.  A peek at graph for the DJIA today shows otherwise.  The morning started with a sharp increase, most likely a correction of yesterday's tumble, dipped back down, up again, and has wavered around even for the past hour.  This indecisiveness is due mainly to conflicting results from the employment situation and a strengthening industrial sector, as can be read about in this article from the Wall Street Journal: http://online.wsj.com/article/BT-CO-20100630-711458.html.

As a rational investor, I would continue to weather the storm, in the hopes that the market will start the third quarter tomorrow stronger, and make larger gains in the next two weeks.  My portfolio has gained a nominal 0.42% today, and while some bargains may be available right now, it would be more prudent to see how the economic climate changes as the week draws to a close.

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