First off those in the path of the Hurricane be safe, smart, and hopefully it swings as far out to sea as possible. Like a Hurricane, the market is unpredictable and requires caution as well as preparation. It also cares little about you, and fighting it is hazardous to your investment portfolio.
Morning Thoughts
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Quick Market Perspective
Friday Focus: Market Direction
Where is the market headed? The answer, since the dawn of man, is higher. Just last week we hit new all time record highs for the S&P500. Saying higher, when asked where the market is headed, is like saying you got wet when it rained the other day. It still doesn't explain yesterdays collapse and close near session lows for the market. The overall trend and direction remains up for the market. Shorter term the picture has become muddy. I'll cover both - first the short to medium term picture.
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