Stock Market Analysis – 07-01-2009
July 1, 2009 at 8:46 pm · Filed Under Broader Market
The summer’s been slow and this holiday week has been even slower. The healthy consolidation keeps pushing along, so the next move should be a playable one now. It’s funny how everyone was lamenting our inability to save back when the savings rate was near zero and the economy was booming, but people are saying we need to spend more now that the savings rate is up to 6.9%. This is one way to get the banks back in business though, since they’re racking up deposits while paying out next to nothing. Expect even less action as the week closes tomorrow. Have a happy and safe 4th of July everyone.
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