Friday, September 19, 2008

The most exciting flat week ever?

I think we have a candidate for the most exciting flat week ever. The S&P 500 started the week at 1250 and ended the week at 1255, with two huge up days (yesterday and today) offsetting two huge down days (Monday and Wednesdays). The financial world at the end of the week looked very different from the beginning, with the ranks of investment banks thinning and government suddenly becoming the biggest player in the game. I am not willing to make a prediction of whether next week will be up or down (I know - that is quite cowardly of me) but I am willing to bet it will be volatile.  Hang on for a wild ride!

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