Diary Of A Not So Smart Investor
S&P 500 index was wobbling around 1515 points through the entire last week ending at the level of 1519.79 and giving no any signs of its intentions to go further down or up.
This kind of shaky equilibrium is continuing since the beginning of February 2013 when the stock prices in US market have started to slacken the rate of powerful uptrend that developed in December 2012/January 2013. Looks like US stock market is waiting for something to happen. The main question is – waiting for what! I wish I could know what is going to happen deep in the market’s guts. Honestly, I am still expecting a substantial correction of prices and then resuming of market growth in March and April which historically is typical for these months of the year.
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