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November 3, 2010
Edited: November 3, 2010
Share ThisThe President and the US Congress NEVER got their PRIORITIES straight. Arguably, the Healthcare work needed to be done, but it was done WRONG. Plus, the focus SHOULD have been on the US Economy, and getting people, that want to work, back to work by stopping the transfer of intellectual property, technology, and outsourcing to other countries.
Today is STILL going to be the soap opera of the mid-term elections and now the Presidential elections, though 2 years away, is next.
Earnings reports have been, and continue to be, a nice market driver, despite the occasional disappointing miss. Besides earnings, the drivers of the market indices, today, next week, even the end of the year, are, and will be:
(1) the US Dollar's fluctuations against the Euro, YEN, etc. which will drive commodity prices as well as the related stocks, industries, and sector, therein affecting the overall market ... bullish, or bearish.
(2) the FED and today's FOMC meeting conclusion and what the FED reports as to the form, substance, and size, of the next round of quantative easing (QE2);
(3) Focus is also on the financials, foreclosures, and new and old home sales and construction.
(4) JOBs, jobs, jobs ...
For the rest of the story, and OurCall for the Close, see the comments, replies, and links below.
