Dow Market Support stays intact for a week

The Super 8 Spielberg/JJ Abrams movie was a positive indicator of movie mood, as reflected in the market’s 0.44% gain for the week despite the gloomy news out of Greece and other places.  The economic reports were viewed as indicators that things weren’t as bad as some pundits are forecasting.   So the market bounced off the support level.  We are still in dangerous correction territory and emotions are becoming the major factor in market action.  Green Lantern opens this weekend and will not provide much reinforcement to those looking for optimism in our future.  It is just another costumed superhero going through the same damn world-ending crisis.  Enough already.

 

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