The Masters is on,drawing viewers into its tranquil intensity,which is the genius of golf broadcasts.Tiger Woods is there,but he's taken up where he left off.The girl stories have faded into the background already.It's almost as if they happened to someone else in some other sport.They just don't seem to matter much anymore,unless you're the National Enquirer.
Wall Street has also been tranquil this week.The Dow rose 0.6,while the S&P moved up 1.4 and the NASDAQ led the field with a 2.1.It was the sixth straight week of moderately higher performance.It has become a near-perfect market.Today's volume was very light,though,at less than a billion shares.That is a flaw.The lack of conviction persists-a reminder that just over a year ago we had hit rock bottom,a fall for the ages.
It's hard to have conviction when there are still so many foreclosures and small businesses can't get the loans they need.Those headwinds may be breezes,but they're still there.
The S&P futures were up 8.9 early this evening.Treasury futures were up as well.Mets fans were freezing at Citi Field as the Mets led the Washington Nationals.
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