HIstoric Records Amidst Lazy Days for Year-End Markets
More historic records - this time in Small Caps - for stocks, including a NASDAQ spike highlight the end of 2014:
(I put "prediction" in quotes because I'm not taking any special credit here: anyone who watches the markets with the least bit of attention would know that such volatility and price scalping occurs this time of year.)
Meanwhile, for the rest of us, these lazy days of the end of 2014 present an opportunity to sit back and watch the action from the rare position of a market "easy chair" as we spend more time with family, friends, and - of course - feasting. It is, after all, the reasonable and civilized way to enjoy the Christmas and New Year's holidays.
The Russell 2000 (RTY) Index climbed to an all-time high and the Nasdaq Composite Index reached a level unseen since 2000 as an equities rally that started last week continued through one of the slowest trading days of the year.Getting excited about investing in stocks. Don't - at least not for this reason. The reason why is right there in that sentence: "an equities rally that started last week continued through one of the slowest trading days of the year." As we noted last week, those traders who chose not to take off for the holidays will keep scalping profits, as low volume accompanies price swings aka "volatility" also allowing for easier manipulation of averages by traders. And so we see this "prediction" come to fruition.
(I put "prediction" in quotes because I'm not taking any special credit here: anyone who watches the markets with the least bit of attention would know that such volatility and price scalping occurs this time of year.)
Meanwhile, for the rest of us, these lazy days of the end of 2014 present an opportunity to sit back and watch the action from the rare position of a market "easy chair" as we spend more time with family, friends, and - of course - feasting. It is, after all, the reasonable and civilized way to enjoy the Christmas and New Year's holidays.
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