Not As Flat As I Thought

For the week so far the S+P 500 is down 14 points (as of 3:45 EST), a little over 1%.

I did an interview earlier in the week where I opined that the week would be very dull with most folks crossing their fingers and toes just hoping to close out the year where it is. Although most of the drop for the week was on one day I have to say I did not expect this big a move.

NYSE volume, as of ten minutes ago, was below 900 million shares.

As for the first couple of weeks of 2006 I think it could go either way but it seems like more people expect a negative start to the year. If that is the consensus then maybe January will start out pretty well.