I expect a bit of a pullback early next week; but not much.
Still people should be cognizant of the probablity that this market will go down HARD soon after the elections-- albeit from consideraly higher levels than today. While short-term sentiment indexes indeed show great bearishness, long term sentiment on Wall Street was and is very bullish. Have we ever began a major bull market with almost all Wall Street strategists very bullish and near record allocations to stocks? I see this as another strong bear market rally destined to again pick the pockets of those who believe this is the beginning of a sustained bull.
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