Black Friday was black in more ways than one, with a number of negative events. Still the market held up reasonably well.  Perhaps there’s nowhere else to get an acceptable return on one’s cash. At least the stock market has shown some strength, and valuations with a few exceptions are reasonable from a historic perspective.

Since the unemployment release of 10.2% on November 6, virtually all economic releases have been modestly positive and the late reporting companies have had strong results (including revenues) and strong guidance.  So why has the market been going up and down on a daily basis over the past week?

By David Brown, Chief Market Strategist, Sabrient Systems, LLC

David Brown