Discuss Market Comments 11/04

Wild day- Stocks reacted rather mutely to the election results as there weren't any real big surprises. The gridlock in D.C. had already been priced into the market leading up to the elections. The indices opened slightly higher but then drifted lower awaiting the final word from the Fed at 2:15 PM ET...

Market Commentary for 11/04/10

Current Daily Market Commentary

 

[Guest]

I transferred before the deadline this morning to 100%G. Good move? I'm weighing that I believe the market will correct itself in the coming days. any thoughts

 

[tsptalk]

Looks like the sentiment survey system will be giving a sell signal for next week, so it may be a good move. But this is looking like a runaway train so I will probably wait for the recent short-term trend to break before selling. That may mean not selling at the top, where you may very well be doing just that.

Good luck!