Tuesday, November 22, 2011

Market just isn't ready for any big rally just yet

It may take a little more agonizing about the economic outlook before the stock market is ready for a healthy bounce. The holiday-shortened week also limits any major market moves to the upside as people wonder what bad things may transpire over the long weekend.
 
The Market will be open on Friday, but a lot of market participants simply skip it and take off an extra day or two or even all week.
 
The decline on Monday may have been due in part to people dumping short-term long positions simply so they could take the rest of the week and weekend off without worrying about how any market moves may affect them.

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