Posted on 11/13/2008 10:50:06 PM PST by Michael Eden
Well, we can get ready to see more bear market rallies. Some are calling what we’re seeing now a “FIB” market; “factoring in Obama.”
Since November 4 (Dow closed at 9,625, it is now at 8,497) the market has lost nearly 12% of its value. Given the fact that the market is primarily based on confidence, what does this say to the market confidence in Obama?
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