Discuss Market Comments 10/29

Some concerns but trend remains up- Yesterday the indices put in a similar "U" type pattern as the day before, although unlike Wednesday, the indices did not close at the highs yesterday...

Market Commentary for 10/29/10

Current Daily Market Commentary

 

[Guest]

Tom-

Thanks for all you do here.

I got out by the deadline this morning: 100% G fund in anticipation of a sell the news reaction to both the election and the QE2. I'd posted here asking when QE2 was when you first mentioned it a couple of weeks ago.

It was an easy decision, for the most part, because I was lucky enough to catch most of the upward move since early September and have some nice gains to protect.

The sell off into the close today makes me a little more comfortable in my decision.

 

[tsptalk]

Nice job. You may be right.

The stats of post mid-elections and the current trend are keeping me in, but that could change in a hurry.

good luck!

 

[Guest]

I got out as well - 100% G Fund. Tom - I think you do a great job with the daily market comments and the extreme negative divergences you showed led me to think that a sell the news occurrence will manifest itself next week.

 

[tsptalk]

Thanks, and good luck!