Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, November 02, 2009

Magnificent Monday

Today, stocks took a scenic route to a higher close, fueled by upbeat economic data but bogged down along the way by fears about the recovery's staying power. The session continued a recent pattern of more volatile trading, including triple-digit point moves in six of the last eight sessions. Traders said investor conviction in this year's market gains has gone wobbly in recent days, with many participants apt to sell quickly during rallies to book profits rather than wait for the next round of gains. We are hopeful that things are going to keep improving! DJIA +76.71 S&P 500 +6.69 NASDAQ +4.09