Monday, October 11, 2010

State of the Stock Market - 10/11/10

Wow, you can't get much slower of a day than we saw today on Wall Street.   The market was open on this Columbus Day holiday, but perhaps it should have taken the lead of the Post Office and banks across the country and just shut it down for the day.  Volume was low and stocks ended the day as flat as flat can be.   Nothing meaningful happened and because of that, there really isn't much to comment on today.

From last night's video, LDK was up 15% today, so hopefully you were able to catch that move (although it gapped up so it was hard to do).   I still hold my IDSA but it had a somewhat disappointing session.   Earnings will start in earnest soon and I expect the volatility will pick up soon as well.  Be careful out there - I am not opposed to taking longs right now, but it is going to be a tough market to trade for about the next two weeks.   Take care and good luck Tuesday.

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