When a problem arose with the new software, they tried to switch back to the old but that failed as well. With trading being done only at smaller exchanges around the country, prices on some stocks were distorted. The index, however, may find it hard to maintain a positive note. Earnings season is upon us, and there are bound to be some disappointments. The summer doldrums are almost upon us.
Stock prices have a tendency to act a little lazy in the heat.
What this means for the long-term investor is that the bargain sale is likely to continue for a while longer. It's doubtful that this malaise, which we're currently in, will end much before the end of the third quarter. Still values are holding up well enough that we can still look forward to positive numbers by the end of the year. Discover the peace of mind, knowing that your financial destiny is secure. You can begin building financial security and personal wealth with surprisingly little effort or pain.