Posted by: Howard Silverblatt on November 4, 2008
The market has rallied 18.3% since the October 27th close, including the 10.8% October 28 gain. The fact that we have been able to hold on to it is impressive. The political environment has added hope of quick positive action to the current economic problems, but whoever wins, and regardless of Senate makeup, it will be a tough journey. Since both candidates state that they will start to address the issues quickly, the market test should be in the details of the plan - which shouldn’t be long to be disclosed or at least test ballooned.