Thursday, December 22, 2011

SP500 on the Brink of Breaking Even

Sp500I know we entered 2011 with higher expectations than breaking even. Considering the wild volatility you would think we would have turned decisively in either direction.

But maybe this is stock market gridlock. Europe can't break into the clear. The US debt situation grows exponentially as our politicians dither. The US economy slithers along at a 2% growth rate while the employment situation remains stagnant.

But if it took the NBA until christmas to get going, maybe the same is true for stocks.

Hopefully the market doesn't tear a ligament these last few days, Kobe.

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