Wednesday, November 3, 2010

Market Comment 11 03 10

In yesterday's election, the Republicans gained control of the House, but not the Senate. The market response seems to be muted so far. As I write, the stock market is up slightly. I think investors are now waiting for Ben Bernanke's announcement later this afternoon on the amount of QE he is planning. 500 billion is the expected amount. If it is less the market reaction will probably be negative.

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