July 6, 2009
Good morning. Down week for the market as Friday’s poor unemployment numbers spooked what had been a very flat week. The SPY finished at 89.81, down from 91.84 or 2.3% on the week. Friday’s move was actually down 2.7%, as we had been up slightly.
December 22, 2008
Good morning. The end of the year is almost upon us, and not a lot of people are going to be missing 2008 much. The SPY is still down almost 40% on the year, and the market does not seem able to provide even a token end of year rally, though we still have a little time.