Makes me wonder, “Was I wrong about Fool’s Rally carrying us up to 1100? Maybe yesterday I should have sold my long oil and just gone short the indexes. For now I’ll sit tight and hope I’m right about S&P500 hitting 1100 soon.
Hope you managed to dump some before today. The election was a ‘pivotal’ event which can change market directions.. I don’t know if the market is too happy with Obama being next… something about that redistribution of wealth and the unknown factor. The market may be anticipating Jimmy Carter style presidency.. I managed to dump most of my volatile stuff during the election.. but the rest feels like an anchor.
I would like to see the Asia market response before prognosticating.. As for the talking heads, the only ones that I have found to be close are Shiller and Roubini. The rest tend to blather just for the sake of saying something, appearing on camera and taking up airtime.
