Nothing New
28th June 2009
With all the talk about the market recovery from the March lows, the SP 500 and the DJIA have done nothing in the last two months. The technology heavy Nasdaq continues to be the strongest market index, but even that has picked up only 5% over the last 8 weeks.
On the good side, the financial markets managed to hold support levels; Nasdaq at 1400, the SP 500 at 875, and the DJIA at 8200.
Expect more of the same in this short week going into the 4th of July holiday.
JD
