Saturday, September 30, 2006

Weekly Wrap

The market ended a solid week on a soft note. Some speculated that it was due to the Al Queda tape that came out, but I doubt it.

The market had been up every day this week. I think it was just profit taking at quarter-end and ahead of the weekend, combined with some short positioning ahead of what some think will be a pullback next week.

Here are how the indices fared this week:
  • S&P 500: +1.6%
  • Nasdaq: +1.8%
  • Russell 2000: +1.0%

To read the entire Weekly Wrap, click here


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