Like watching paint dry on a virtual house in Farmville.
The only real excitement was an announcement that SP had cut Goldman's debt rating from their web site that took the stock down. That was a disavowed a few hours later and the stock rebounded.
The NDX is lagging from the SP which has been leading the rally higher. This sort of 'broad rally' is often driven by the buying of the SP futures to drive the market higher on light volumes, a patented ploy of Robert Rubin when he was running the Exchange Stabilization Fund as Treasury Secretary.
This rally would inspire more confidence if we all did not know that it is insubstantial, like cotton candy, and that a single headline could send it all tumbling lower rather quickly.
Tomorrow will be even slower, with the action all but over once they strike a level they wish to hit by around noon NYC time.
