Now that gridlock is coming I bet another 8% run up in the markets for 2010. Gridlock is always a good thing for equities.
A few years ago I remember hearing that gridlock wasn't good for wallstreet, now today gridlock is the best thing that could happen, well its here, democrats lost the house as it was suppose to happen, anyway this should lead to a straight 1000+ point rally in the dow starting sometime around noon tomorrow, I think the markets go for an easy 3% rise tomorrow. Everything is falling perfectly into place, all the bulls need is $500+ Billion QE2 with bernanke only saying wonderful things about the economy and were off to the races, get ready for DOW 12,000 with a few weeks, and fresh highs on the SPX and DOW by mid 2011. This is going to be the biggest bull market in history.
Government is nothing now. Fed is in charge and there is no gridlcok there Expect a new trillion printed every time Dow is down 1%
Nah I am going with a 250+ gain, maybe even 300 points on the dow, its going to be huge tomorrow. Rally all day through the closing bell, markets want QE2 and they are going to get hundreds of billions of dollars of QE2 maybe even TRILLIONS!!!!!!!