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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Thursday, June 15, 2006

Today's Stock Market

Well, as I have said it is difficult to time the stock market and although early this week signs pointed for more bottoming out the last couple days have not brought that. I thought everything pointed to more down days for the market, (and that still might be) but right now the stock market has bounced back well yesterday and today. Bad times might still lie ahead, but this goes to show how difficult it is to predict how the market will behave. Signs might point one way, but the market can go the other.

The S&P 500 is up over 1% for the day as we speak and showed great resilience yesterday by finishing up. Again, we will need to wait a couple weeks for the Federal Reserve to announce whether they will be raising interest rates or not. Once that and other economic information are revealed the market should not behave so erratically.

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