Can We Finally Have a Positive Monday?

The stock market is looking for its first positive Monday of the year. The indexes are down slightly so far this morning, but the Dow isn’t far away from a new all-time high. Just a little push and we can finally break the high from nearly five-and-a-half years ago.

Warren Buffett was on CNBC this morning and said that stocks are not “as cheap as they were four years ago” but “you get more for your money” compared to other investments. Interestingly, Buffett said, “The dumbest investment, in my view, is a long-term government bond.”

This week, the market is in a bit of a no-man’s land. There are no earnings or big economic reports except for the big jobs report on Friday. I think volatility will probably continue to cool off. The Volatility Index ($VIX) jumped from 12 to 19 in less than a week, and now it’s back to 15.

Posted by on March 4th, 2013 at 10:31 am


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