Now you know why I distrust strong market opens. The market was trading well until about midday, and then the news hit that Obama would get the Democratic nod. Right about then, the market began to selloff, and never regained its footing.If you wonder what investors think about Obama as our next President, today’s action probably sums it up pretty well. They don’t like him.The market made its lows with about 90 minutes left in the session, and then stage a nice bounce, only to give a little of it back again. The SPX fell -0.6% while[...]
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[Source: The Money Blogs]
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