The mystical magical 13,000 levels for the Dow Jones, the one that many have been seeing it has rapidly approaching, occurred earlier today. Yet, as soon as the Dow Jones elevated above that level, it just slipped right back down. It was a rather blink and you miss it rally to the top and then the Dow Jones skidded right to the bottom.
The rally of 2012, when the stock market was rallying has been a rather tentative one. Election year is here and we'll really know what the cards hold come the Spring and the Summer. The economy as we have stated before, no matter if the smartest man in the world gets elected President(and the chances of that are slim to none), is not going to get fixed by a wave of a magic wand or a few good decisions. Years and years of horrific decisions have undermined the economy, dating back to many Presidents. Those investing into the Stock Market are becoming a depleting minority and while it can give us an idea where the winds of change are blowing, it is hard to tell.
The year is going to be a long one. 2012 could be the year that is the calm before the real storm. And if you thought that fall back in 2008-2009 was bad, we might be in for something worse. Great Depression version 2.0? Well its hard to say, as it is a different, different world in many ways.
Stock Market Report
Mixed bag at the old Stock Market today.
Dow Jones: 12,966.37(+16.50)
NASDAQ: 2,948.57(-3.21)
S and P 500: 1,362.22(+0.99)
