As predicted the market did tumble right as election polls started closing. This in my mind was traders feeding on election rally.
So what are in for next. My fear is mutual fund liquidations, 401k sales to cover seller's positions may drive this market even lower. Tax loss selling compounded drop in US exports due to strong dollar will keep the Richter scale shaking.
This market is beyond many analyst. The looming currency crisis, unproductive government intervention. It's all a big mess and is going take time to wane out.
It is still best to stay on sidelines and not get tricked by short lived rallies.
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