Watching and Waiting
29th April 2008
Even the largest monthly decline in home prices in the history of the S&P Home Price Index could not get the stock market moving very much today. The DJIA lost only 40 points, the S&P 500 fell just 5 points, and the NASDAQ actually picked up a couple of points. Seems the market almost stops while everyone waits to see what Uncle Ben is cooking up in this week’s FED meeting. Stay tuned tomorrow afternoon. There is sure to be a lot more action than we’ve seen the last couple of days.
JD