Stock Market Analysis – 11-25-2008
November 25, 2008 at 8:53 pm · Filed Under Broader Market
The volume eased up today as we head towards the holiday weekend. The fact that the market didn’t completely reverse is a good sign for the bulls, but it’s still too early to say that $75 is going to be the bottom on the SPY. I wouldn’t read too much into whatever the market does the rest of this week since the volume will be light, especially since Friday is a half day. It will be interesting to see how the holiday sales go this year and how the market reacts, since expectations are already pretty low. Since I probably won’t be posting again before Thursday, have a happy Thanksgiving everyone.
Comments
Leave a Reply