On this election night it looks like the Republicans will take the House and they have a slim chance to take the Senate..over the last few months the market has been taking into account the Republican landslide and we have also been talking about QE2...tomorrow we will hear about QE2 and we will know the outcome of the elections.... so now what?
One side says we will sell off, a buy the rumor and sell the fact....or another way to see it would be that what if QE2 isn't what we are expecting? The other side is that there are a lot of money managers under-preforming the market and are positioned for a pull back, if the pull back does not come watch out the market is going to RIP!
Which side am I leaning to? I am just as invested today as I was a month ago...but I have put on some more QQQQ puts recently so I am hedging myself as always.
Today Kellogg and Clorox hit the radar....
Hope you all have a nice night, let's see what happens tomorrow!
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