Gangbuster recovery for a week of down markets

Posted By on May 27, 2010

djia100527 DJI: +285 (+2.8%) | NASDAQ: +82 (3.7%) | S&P 500: +35 (3.3%)

If I knew how to trade the up and down stock market I’d be a happy camper djia1month100527… unfortunately it is near impossible.

Today’s comeback saw stocks returning the losses from Tuesday and Wednesday, but conditions on Wall Street (and in the overall economy) leave much to be desired. I’m a believer that the sooner we return (IF we return) to fiscal responsibility, that conditions will be far better for a legitimate economic comeback. Until then, volatility and uncertainty will persist.

It has been a tough 30 days for those in equities (chart right).


Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.