You’re absolutely right —wish I’d have thought of that but I’m glad to see it now. That makes election day a perfect day for a top, it’s the 3 week rally plus the election day slough off.
Agreed- Election Day give or take a day.
It will be a good time to get hedges on, to hold until early December.
The recent rally has been sharper than what was experienced in 2010, so I expect the pullback to be faster and more gut-wrenching.
The rally isn’t mindless, as some contrarians are saying. Global markets are pricing in an unwinding of the “covered call” that Obama’s policies have imposed on the economy (an analogy of the Bernanke/Yellen put).
That said, I would never expect a market to go straight up, or down.