Friday, March 20, 2009

Friday Flop


Well that was quite the week wasn't it. The bullish rally we were hoping to continue fizzled the last two days but the DOW did eek out a two week close at the high but just barely with the Fed infusion of another gazillion dollars leaving the market scratching it's heads.
The TSX on the other hand closed down 184 points today but had a very good week with the Loonie making a recovery as the US dollar slipped and gold and oil spiked on the influx of the Fed. Next week should be interesting to see where all these inflation signals take us. I say oil and gold go up but I won't bet anything big with the move they put in this week.
Remember today was options expiry week(every 3rd Friday) so that could have caused the sell off with all the profit taking.

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