We were due, maybe overdue, for a market correction. $$We just had the Biggest weekly decline in three months.
Yet, the market held up okay towards the end of the week. We reversed the slide on Thursday, and Friday saw decent gains. Granted, Friday was options expiration. But we saw the NDX lead, and that's usually a good thing.
The week ahead will be interesting. The Middle East continues to flare up. Unions are battling the Wisconsin governor. Apple has a news event scheduled on the 2nd. The Federal government may shut down.
An there will be a new #1 team in college hoops, as Duke just lost to VA Tech.
Additionally, it's the beginning of March. The beginning of the month usually sees inflows of 401k dollars.
Stay tuned...
***
At the local Indian casino. Very crowded. No sign of recession here.