T/A ETF AND INDEX

[capt_jmj]

Fund managers have too much to lose into year end, so with the second string at the levers and instructions not to allow things to get out of control, expect a sideways to slight grind up as retail traders take turns driving the bus. When the big boys are back in the left seat after the first of the year and have assessed the situation re: the dollar, government spending, healthcare, cap and tax, etc., etc., we might finally see some real movement. Costs have been cut about as much as possible, so with continued lackluster spending by the consumer, posting good 4Q earnings will be even more of a challenge.