One and a half cheers….

Posted on Jan 21, 2013 by in Letters

 

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864

The stofck market gave one and ahalf  cheers Friday when it heard that the House of Representatives was not going to blow up the country (and probably the world).  The bad news is that they kicked the debt ceiling can down the road for only three months.  So we will get to do this again shortly.  In the meantime we will probably have smooth running for awhile, and then volatility will set in again.

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