Monday, November 1, 2010

Markets on Hold

I just took a look at the 30 minute chart of the S&P. This action is dull but obviously traders are waiting for the Fed and the elections. Should be interesting to see what comes next. I am betting on a republican landslide in the house and more evenness in the senate. In terms of the fed, less QE so it will be interesting how much more or less the market has priced in.
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