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Volatility Hasn't Broken the Stock Market Bulls

The Simple Accountant submits:

We saw an interesting week in the financial markets last week, as well as in the economic and political news. If we had to characterize it all in one word, the best fit might be: volatility. With open warfare breaking out in Libya, and overshadowing the more portentous events in Bahrain and Yemen, volatility may be with us a while longer. Let's take a quick look at the week just ended, before turning our sights to the road ahead.

Week in Review

Stocks: On paper, all the major US indexes posted fractional gains for the week, but our volatility theme was present: three of the five trading days saw intraday spreads greater than 1%, two of them closing more than 1% away from their open. Friday saw a late afternoon rally that preserved the week's modest gain.

(click on any chart to enlarge)



All the indexes remain above their now