Waiting for the low
All this good economic news -- good consumer spending, income and confidence numbers this morning -- and the market still swoons. After a terror-free weekend, I was expecting a bounce today.
One wonders if many aren't taking the Vice President ("not if, but when") at face value and holding onto their cash to buy at the even lower prices that would be featured after the next attack.
A sick thought, but....
There is apparently 1.2 trillion dollars in cash and money-market 'on the sidelines', waitng for some sort of 'all clear' signal to get put back to work.
THAT should be an interesting day on the markets.
8:56:53 AM
|