The market has grinded to a standstill as Washington, D.C. gets knee-deep into the Obamacare disaster, which is proving to be difficult to solve as there are numerous concerns, and that’s just among Republicans (Democrats are not going to support any bill). Since this is the first major task of the administration, the street anxious to see which niche blinks first.
There isn’t a sense of panic, and this marks day 100 without a 1% or more correction in the market. It is true a complacent market brings jitters, but I lean more to the notion of not shorting dull markets rather than assuming the worst. Then, there’s the angst always associated with the week of Jobs reporting.
The market has come far enough that the Dow could slip to 20,090 and still be in good shape, but its true, investors are eager for action.
We’ll get it before the week is out.
