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Re: robanson post# 561

Friday, 05/16/2008 2:22:57 AM

Friday, May 16, 2008 2:22:57 AM

Post# of 569
There's an old superstition that typically holds true that the market seems to always rise into an election, especially presidential ones. The reason is mainly due to incumbants doing thier magic to stay elected.

But that's not the case this time. No incumbant. Plus the Dems are going to rout the Repubs in congress. So, there's really no reason for anyone of power to 'pull' anything.

So this year I doubt the market gets juiced artificially. It will just do what it ends up doing. That said, the fundamentals are not getting better. Rick Santelli today on CNBC mentioned the data is actuall either getting worse are staying the same - which is bad. So, the idea that this rally has staying power based on the idea that March saw the lows of the year could be quickly turned upside down into an all out fear to not be the last one out the tiny door as they all realize this is a bear trap - which I believe to be the case.

The problem is how high does the market go before then?

Hmmmmmmm

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