Profit-taking on Monday keeps market docile

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People are happy to make a profit in the current stock market environment, and when they do, they take profits. One of the effects of this, of course, is it temporarily drives the share prices back down.

Overall, the day was pretty even, with no great shocks:

Investors also face the possibility of another interest rate hike from the Federal Reserve after St. Louis Fed President William Poole said odds were 50-50 on a rate hike at the next Fed meeting Aug. 8.

Interest rates and War continue to be the two main concerns. To some degree, you’d almost expect investors to become immune to bad news, partially at least. There’s always a great deal of uncertainty built in, but not totally priced in.

Some good news could push everyone forward.

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