I’ve closed the comments–keep us all from going off the rails.
We’ve waited all year for elections and even though a good shares of all of us have already voted tomorrow is ‘election day’.
I was really surprised to see equities head so sharply today–really thought we would see a treading water type of market–the push and pull of the bulls and the bears, but yet the markets remained solidly higher all day long–what does that mean?
Honestly the only thing that should have made investors overly exuberant today is that no matter who wins the elections we are going to see a big, fat, juicy stimulus package soon–the helicopters will be flying daily for months spreading all the greenbacks to everyone that needs them–and most certainly also to those that don’t need them.
For now I am just watching–which is what I do most of the time. Are we going to see a big market swoon? Or are we going to see a real blow off top?
Buckle up just in case–we now switch from political commercials on TV to non-stop nonsensical talk from the various talking heads.