Stock Market Analysis - 11-11-2008

November 11, 2008 at 11:20 pm · Filed Under Broader Market 

SPY Daily Chart

Happy Veteran’s Day.  Normally, even on minor holidays that aren’t widely observed, you’ll notice a decrease in market activity.  I’m not sure how much of a holiday adjustment today’s volume should be get, since it was peppy, but still followed the contracting trend.  There were some more talks about reducing foreclosures, but we still have a long ways to go before that whole situation clears up.  We’ll see what news will move the market out of this rut.

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