A welcomed sight to see on Friday with the markets closing in the green and near the highs of the day. Call it short covering, you can blame the technicals or you can thank Chairman Bernanke for his comments which seemingly helped boost the markets. Whatever the case may be, it was certainly needed. August can be a very tricky month for the markets and thank goodness we are heading into the last week of it. As we approach Labor Day weekend let’s hope for a quite, subdued week ahead and get ready for what should be one heck of a close out to the year. Who knows what to expect and where we will be on December 31st, 2010 but one thing is for sure Washington and the markets should look very different 🙂
A great weekend to all.