Stocks Stuck in Neutral as Traders Seek Clues for Direction

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Stocks Stuck in Neutral as Traders Seek Clues for Direction

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Stocks Stuck in Neutral as Traders Seek Clues for Direction

TheStreet.com Videos 2:38 mins

The stock market seems stuck in neutral as each move forward is accompanied by an equal move backwards. Jason Weisberg of Seaport Securities says traders are looking for clues to try to determine the overall direction the market will take. He points out that a lot of money has entered the stock market during the down days, which has tempered valuation losses, but there hasn't been widespread conviction for a move to the upside. Weisberg notes the big banks have earned their money in IPO's, not equities.

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