[video] Quick Take: Stocks Stable, Traders Gear Up for 2014
NEW YORK (TheStreet) -- The S&P 500 and Nasdaq are slightly in the red, while the Dow Jones Industrial Average is near flat halfway through Monday's trading session.
TheStreet's Debra Borchardt is with Ben Willis of Albert Fried & Company, discussing what investors can expect going forward.
As expected, Monday has been filled will slow trading action and very low volume. Willis suggested many on Wall Street only showed up to make sure nothing bad happened -- which has not, so far.
He added that most portfolio managers have done what they needed to do for 2013 and are waiting for 2014 to begin before getting involved once again.
Willis said he expects January to be a busy month, as managers and large retirement funds start to put money to work in stocks.
Money has been flowing out of bonds and commodities, but has yet to flow heavily into stocks, due to the lack of a deep pullback. So far, every dip in the equities market has been greeted by buyers.
Willis added that of the portfolio managers who are active today, they are largely buying insurance via call options on the CBOE Volatility Index (VIX.X) dated in February and March.
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