yesterday investors: It seems like only yesterday investors were gnashing their teeth over one festering S&P level thought to be unattainable just a few weeks ago, according to Market Watch. But now the market has blown right past it. That is right, step away from the stock-record accessories, organizing-queen Marie Kondo, as a close of 25,000 and a venture beyond 2,700 for the S&P 500 look distinctly possible on the first day of February. At this point, we are far enough away from 2,600 support that it will probably become the level we pull back to, Cracked Market's Jani Ziedens told clients. Given January's dramatic rebound, it is clear December's plunge was completely unwarranted. But when a market is this bi-polar from focusing on all the negatives in December to shoving aside all that scares it at the start of the year investors should stay on their toes, says the ever-cautious Ziedens.
(news.financializer.com). As
reported in the news.
Tagged under yesterday investors, p level topics.