Jim, gains will be confined within the arms of a bear market trend. Sure, we will get some good upside days, but they are for trading, not position building, Imo. In simple terms, it would take a big leap of faith to even think we could approach this years highs any time soon.
No matter what happens with the election, 1/2 of the electorate will be pissed off for at least 4 years, so the damage has already been done, and cannot be un-done.
I don't even care who gets in anymore, I will just trade accordingly.
That said, I too expect a little rally within the next week or so, but I will just be trading the indexes, and playing my cheap as hell rat picks.
I cashed in my NDX puts, (actually, just locking profit) looking for a turn...might have to wait till next week, or more... |
