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Reply #110: Heh-heh, from your post #6 this AM [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-06-06 03:18 PM
Response to Reply #106
110. Heh-heh, from your post #6 this AM
That's led to what traders call a "range-bound" market, and they tend to say it with more than a little disappointment. Investors can make money so long as stocks go somewhere — up or down. But a range-bound market means there's just not enough price movement to work with.

The Federal Reserve's next interest rate decision March 28 could come with an economic outlook that clarifies matters, but that's a long way off. Until Wall Street gets a better picture of the economy, the market will stay stuck, perhaps with 100-point swings on a given day, but ultimately stuck in the same range as the past two weeks.



:wtf: First they say range-bound, not enough movement to work with, then they turn around and talk about 100-point swings in a day like they're no big deal - not even worth taking notice. Sounds to me like they are trying to calm nerves and keep folks from heading for the exits.
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