Thursday, November 05, 2015

Market calm suggests a change

The steady pace of the equity markets over the last two days is not reassuring.  For the weekend it is likely that investors will back off in the event of no news.  The need to sell to offset gains takes off this month, and that will be a downdraft.  That said, November and December often are months of optimism, and thoughts of the positive can overwhelm skepticism. Who knows?

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