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The Best is Yet Come

November 1, 2010 – 5:05 pm

The markets started the new month off well after economic figures out of China and the U.S. showed renewed growth in manufacturing which bodes well for a global recovery. Gains remained muted however, as the real market moving days are soon to follow. The mid term elections in the U.S. are tomorrow which will be a market moving event as control of the house will be important in the market’s expectations of future policy moves. The very next day however comes an even more impactful decision as the Fed will announce the size and scope of their Quantitative Easing 2.

While short term volatility is entirely possible, I would expect any negative moves to be short lived. Earnings are still coming in strong, and historical trends indicate a high likelihood of further market gains over the next twelve months. While external shocks can derail the current trend, investors should be lined up on the bullish side of the stock market and the bearish end of the bond market.

Keep learning and always consider both sides of the market.

Good Trading
Steve Peasley

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