The major indices finally gave in to the bad economic data out there and the probable failure of the automobile industry bailout bill in the Senate. If the recent gains that have occurred in the market are due to the belief that congress would pass the auto bill and it looks as though it won’t
Is the FOMC Santa or the Grinch?
Since the S&P 500 hit its high off the March lows on November 16th it has done nothing but consolidate in a tight range. Take a look at the chart below and you can see that the range is indeed narrow but what’s more important is that the volatility is at some extreme lows. This