Friday, May 28, 2010

State of the Market - 5/28/10

Another fun day on Wall Street today as stocks gave back a good chunk of the gains they put in yesterday - what else is new?   Volume was light and perhaps traders didn't want to hold positions ahead of the long weekend, but whatever the reason, it remains a very difficult market to do anything with for more than a few hours.   If you want more detailed summaries right now, read the posts I've written for the past two weeks.   Cash remains your best friend right now and all we can hope for is that things get a little less choppy after the holiday passes.   We'll see - enjoy the long weekend and spend some time away from this market.   Take care.

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