- In Trade Chatter
- Last Updated: 06 November 2012
- By LA Little
Election day and by the end of the day the odds are that a little more uncertainty will have been removed. The short term set-up is for a little bit of a bounce but the week to two-week picture is not nearly as clear. There are many storm clouds here.
For several months I have been pretty spot on in my calls and though my leaning is somewhat negative over the next month or so, that flies right in the face of historical trend where election years are up from now till end of year, seasonal that is always the case as well and we just had a decent push down off the top.
What concerns me is that everyone expects a post-election spike higher. Always concerning when everyone moves to one side of the boat.
I would rather pull in my horns and be more careful at this juncture. Though I would like to be less "on-the-fence" sometimes the fence is the safest place while you wait and I kind of feel that way right now.
No matter what you do in the markets today, be sure to vote. It's your chance to make a difference and with a tight election forecast, every vote is important for national leadership as well as local and the various amendments being offer in most states. Voice you concern/opinion.