Wednesday, December 28, 2011

Winning Sector of 2011 Still Making New Highs

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tdp2664 InvestorPlace Stocks closed mixed in light trading yesterday, as the low-volume rally that began on Thursday ground to a halt. A rise in crude oil to over $100 a barrel was blamed for the lack of enthusiasm. But a focus on defensive issues and special situations indicates a loss of interest in continuing a broad advance during the shortened trading week. Even the lack of bad news fromEuropeand a significant rise in the Consumer Confidence Index for December failed to draw in many buyers. The index rose to 64.5 from 56; it was expected to rise to just 58.



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