The New CS Board

[ahimsak]

Confusing market action, looks like a major top, but my gut says the fed props up markets until after the election, and the economy is doing well enough short term for the market to even go up into January.

I know must seem like am talking about when Christ gave his sermon on the mount, but I remember the market went up into January of 1981 before falling hard into the summer of 1982 under the new pres. Every event is different, but back then, the burden of high interest rates which started to go up rapidly after the election, undid the economy.

Last, sure looks like 2120 and 2200 are the limits for any move the next couple weeks, but a break of the lower is more likely than a run to new highs.