Tug of War

The bulls and the bears continued their tug-of-war during the week. Shortly after the S&P 500 hit an all-time high, breaking the 1,900 barrier, stocks retreated on Wednesday and Thursday as investors piled into safer government bonds. The stock market being near all-time highs, coupled with lower bond yields, seems to point to the fact that investors are hesitant about sitting on the sides. They want to put their money to work but are simply not sure how long the current bull market has to run.