Tuesday, January 20, 2009

Market Not Lovin' Obama

The market is down today, and given the internals, looks to be headed even lower. This is consistent with inaugural days, where the market is down around 70% of the time. I'm in puts today anyway, so I'm happy, but as an Obamaniac, I would prefer to see more enthusiasm for his arrival. I guess the market wants performance, not hype (completely out of character for the market, I must say!!!)

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