Jun 26th, 2009
Too Close to Call?
Will the S&P 500 finish up for the month of June? After diving into seriously negative territory in early March, the venerable index has rallied mightily, ending May up approximately 40% from its low this year.
At the close of trading on Thursday, the S&P 500 stood at an adjusted 920.26; it opened the month at 923.26. So it’s down for the month three points, but it’s a pretty microscopic .03% negative change from the start of the month.
My personal portfolio shows pretty much the same thing; my 403(b), consisting of several funds that mirror the international and broad market indices as well as two bond funds and a very small amount in miscellaneous areas, is essentially flat for the month–down exactly $25 as I write this.
It looks like, with three trading sessions left in the month, the outcome is too close to call. It’s not realistic to think we’ll have another huge gain this month like we did in March, April, and May, but it would be nice to have something positive–and breakeven would be okay as well. We’ll keep an eye on how things play out over the next few days.
