It is now the
time for the Stock Market Report for February 2nd 2012 and for those
who care about weather forecasts as predicted by a rodent, the famous
Groundhog, Punxsutawney Phil has seen his shadow. Others have not. Given that
the weather will do whatever it wants, who knows whether we’re have six more
weeks. Granted it’s up for debate whether we’ve had six weeks of winter weather
to begin with but hopefully we will have many weeks of good news on the stock
market. As Facebook is the rage, we did have a rather easy day right on the
Market.
Stock
Market 2/2/12: Groundhog Day Edition.
A day that we are on the
borderline of things. A day where we did not really fall right too much
underneath the positive mark but also did not rise up. A nice and quiet day, as
Facebook’s IPO looks to make people gain big. At least at first. Whether or not
the good times will roll as Facebook takes that next still is something that
remains to be seen.
Could we be seeing something of a
green flag to buy fresh stocks? Perhaps, but there is just cautious optimism at
best. The labor market is always on shaky ground, many would say unstable, and
obviously regardless of how smartly people are going to invest, many will still
be feeling a bit of a crunch and a bit of a cramp.
We are just going to have to
watch the markets, and hopefully make sense out of it. I think one undisputed
lesson over recent years as what we thought we knew years ago might no longer
apply to the stock market, at least in some respects. A company like Facebook for
example is set up to be something big, perhaps in the short term, but in the
long term, it could flame out. The 1990s have taught that and that is part of
the reason And we’re still in debt as a country, which means individually,
there might be a certain ceiling.
Time will tell, and until tomorrow,
remember to invest wisely.
Dow
Jones: 12,707.08(-9.38)
Nasdaq:
2,859.68(+11.74)
S
and P 500: 1,325.58(+1.48)
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