The Stock Market is Lacking Leadership
November 10, 2008
Stocks react negatively to the tune of the worse week of a presidential election.
Traders enjoyed another week of volitility as the market swung around reacting to Americans selecting Barack Obama as our next President. Regardless of political loyality it was a horrible reaction to a new president. Stocks simply are discounting further economic troubles with Obama in office. Once again, the President has very little control over economic condition, it is Congress who holds the key. At any rate, the market was able to starve off further losses from Wednesday and Thursday’s losses.
Conditions have been better as of late, but we haven’t seen the formation of strong new leadership. Its on its way, at the moment I do see some areas improving and they surround the medical area. I’ll highlight these as we get going in the week.
Stay lean in your account and make sure you cut your losses.
Enjoy
MS
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The Stock Market is Lacking Leadership
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