The market closed roughly flat today, with the S&P 500 a bit lower, but the Nasdaq a bit higher. Volume was once again pathetically low. NYSE volume was the lowest its been since the Friday before Labor Day weekend.There was continued angst today in the credit markets. Most people don’t follow these indicators, but if you look at things like the LIBOR swap rates or the TED spread, both were high and rising today, a sign that global credit markets are still extremely tight.As for the equity market, I want to take a look at the [...]
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[Source: The Money Blogs]
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