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As we approach the midpoint of 2009, I thought it would be good to share an analysis of the current market. The first half of the year saw incredible moves, volatility and a potential market bottom. In fact, it contained more action than one typically sees in a decade.
However, if you went to sleep on Dec. 31, 2008, and woke up now, you would see the indices virtually unchanged. The S&P 500 is virtually flat, the Dow Jones Industrial Average is down modestly and the Nasdaq is up solidly.
Looking ahead, let's take a look at the bull and bear cases for the S&P 500 to figure out what may be in store for the summer and the rest of the year. (Keep in mind the market should slow down a bit into the Fourth of July long weekend.)
The Bullish Case
...Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,442.41 | 1,107.69 | 2,182.79 | 32.86 |
Oil *
77.89
|
|
DOWN
29.17
|
DOWN
1.17
|
UP
6.98
|
UP
0.11
|
10 Yr
3.29%
SPDR Gold
118.66
|
|
-0.28%
|
-0.11%
|
+0.32%
|
+0.34%
|
Data delayed 20 minutes |
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