Hollywood Endings

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MARKET WRAP UP 12/22/10

The slow and steady holiday drift higher has an anti-climatic feel to it, much like many of the hyped Hollywood films that are released this time of year. Inherently, most market players know that the highest probability scenario is a slow motion melt-up into Christmas and New Year’s, but many have a hard time accepting such a predictable ending will actually come to fruition. Regardless of what “ought” to happen, the market simply does what it does, and it is what it is. No trend lasts forever, and the first few weeks of January may very well be a stern reminder of that fact.

In the interim, however, there are–and have been–ample opportunities to make money for those not on the ski slopes, a beach, or stubbornly on the wrong side of the tape.

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