Stocks closed narrowly mixed after hugging a skin tight range today as participants sit on the fence after last week’s impressive run, and before the release of Apple ( AAPL ) earnings late Monday. The defensive tone was triggered
The S&P 500 (INDEXSP .INX) made a new marginal high on Tuesday at 1759, but traded below that level through the rest of the week. Treasuries continued their rally, recording a positive week.
An adaptation of Washington Irving’s Sleepy Hollow just premiered to boffo business but it is another of the author’s somnambulant creations namely Rip Van Winkle that most comes to mind as Mister Market awakes as if Lehman never happened.