Today’s Dow Is Flat And Lowest Volume Of The Year

Investors failed to give the Dow any distinct direction today as the market indicator ended down 1.14, but the real story here is that trading for the 30 industrials was the lowest trading volume of the year. This most likely signals that investors are not at all excited about putting their hard earned money into the market.

Education stocks were big losers today as fears that the government takeover of the student loan programs and tight controls over those that don't come under control of the behemoth of Uncle Sam.

The Dow started off the day in negative territory dropping nearly 125 points almost immediately and then recovered those losses and moved into positive territory for most of the mid afternoon riding low volume. The afternoon rally had exceptionally low volume signaling that not that many individuals were interested in the increase in prices and risking their money.

For candlestick watchers today's flat market is known as a doji pattern that could signal a significant movement in the market in the next couple of days meaning that we could see a large drop very soon...or not. With much of the data coming out about the economy lately such as jobs reports, industrial production, the Baltic Dry Index still quite low, foreclosure rates and housing starts low as well, the economic outlook isn't all that great and investors are worried.

And let's not forget the current administration's unwillingness to even consider the possibility of doing something about the national debt. With Obama trying to spend this country into oblivion and his answer to everything being to thrown tens of billions of dollars at problems in the hopes of buying votes or that unemployment or other issues might simply go away, the looming debt just keeps growing and is a monster that is probably too big to tame at this point. A day of reckoning is coming some day whether we like it or not and it will be a day that will simply won't be able to spend our way out of, although that seems to be what the current president is trying to do.

Maybe the smart thing to do is to buy a few gold coins and stock up on food with what little time we have left before the crash.