More Downside Action at 2005-12-04 19:53:37
Given the nice gains in November, the herd continues to take their profits.
Positive news about the economy failed to work stocks higher and inflation concerns continue to linger putting some pressure on the financials and utilities. Leadership continues to be soft overall, but when all is said and done, we're still seeing nothing but garden-variety consolidation. Hope remains alive and well for a bullish December, if not a repeat performance. As long as the market continues to consolidate these gains, that optimism will only continue to build.
I hope everyone has a nice evening. I plan to eat some pizza, watch Mr. and Mrs. Smith on DVD, and get a good night's rest. That sounds like a good plan to me. See you tomorrow.
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