The highest form of posturing is taking place before our eyes. Large scale sell off this week as the politicians pretend they can get us back on a sustainable path with the proposed meager action, bad economic and earnings data also shocked the markets. Do I think the US debt ceiling will be raised by August 3rd, yes. Does the market, have respectable intentions pricing in the political stagnation and possible result of inaction, yes. Below we can view this week in trading, first through a week long chart of the Dow and the S&P, five minutes at a time.
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| Dow Jones Industrial Average, July 25-29, 2011 |
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| S&P 500 Large Cap Index, July 25-29, 2011 |
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| Dow, Monday July 25th, 2011 |
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| S&P 500, Monday July 25th |
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| Dow, Tuesday July 26th |
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| S&P 500, Tuesday July 26th |
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| Dow, Wednesday July 27th |
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| S&P 500, Wednesday July 27th |
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| Dow, Thursday July 28th |
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| S&P 500, Thursday, July 28th |
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| Dow, Friday July 29th |
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| S&P 500, Friday July 29th |
and again this morning
ReplyDeletemixed feelings in the after hours market right about now!
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