This was an easy trade being long heading into the US elections, it will get harder from here on out. Thats my guess, we may see support into year end, but things will sure be interesting in 2007. The easy money has been made, roll up your selves and get to work folks.
I was listening to cnbc today and everyone of them throws out these statistics, saying that the last 2 months of the year are always better because the fund managers are buying all the best performers, these statistics always baffle me, they come up with so many of them to make it look bullish....next will be hearing about the santa clause rally which will baffle me because the markets have already had a 3 month run.....
With the democrats taking the house you can be sure defense stocks will take a hit over the coming months.
Why's that, they still have to replace all the shells and missiles they already expended over in Iraq with the latest and greatest. I don't see them taking a real hit til Bush gets thrown out on his ear.