Wednesday, December 26, 2012

The Rest of year

Hope that everyone had a peaceful and warm holiday. News out this morning on the retail front is that this has been the weakest holiday season since 2008. Funny enough Monday I went to the mall for a household gift and text my wife and said the mall is empty! that should have told me that sales weren't brisk at the brick and mortar. I expect January and February retailers will have huge sales to balance their lack luster holiday sales.
Since volume has been extremely low the last couple of weeks, I don't expect much to go on here till the New Year as we have the fiscal Cliff issue dealing with. Now we could get a huge spike if some news comes out but I am thinking non of the market movers are doing anything till be get some resolution on taxes.
In the meantime have a peaceful and spiritual New Year.