Summer Doldrums

Not only do stocks have to contend with the issues described in my last post but they also have to deal with perhaps their greatest summer enemy-inertia. The markets traditionally make less headway between now and Labor Day as much of the investment community flees en-mass to their various watering holes throughout the nation. I too will be flying tomorrow away tomorrow to Rhode Island for the next week. I will be working via my laptop but expect posting to be light during this time.