The day after the most historic event ever in American history, and the markets has spoken with RED across the board. DOW closed down almost 500 points, S&P down about 50 points and NASDAQ loosing close to 100. Hmm.. is a coincidence or is it just market dynamics in play?
I share the sentiment of many that it is a brand new world today and in the coming years and most importantly an election that must not fail!!
Markets like certainty, eg. a specific number or an estimate here and there, but at times it is built on clouds, big huge cloudS and that can just appear and disappear as fast as they are formed. Well it is definitely still to early to call which way we are heading in the next 4 years, but one thing is certain, the dynamics of the game is certainly changing and the market will react accordingly to it.
As for my prediction, in the short term the markets is definitely seeking another bottom, say a DOW 7500 and S&P 800? Only time will tell.
