The Closing Look

Stock Market Commentary:
Stocks were relatively quiet on Wednesday as oil prices fell over 3%. Remember, oil is in a steep bear market and wild swings (up and down) are common in bear markets. Elsewhere, Pending home sales fell by 0.9%, missing estimates for a gain of 0.5%. This was the third decline in the past four months.

Gary’s Thoughts: Paint…see dry! That’s what markets were like today…and probably tomorrow. They may just close the Dow down for the year.