07 Nov Continued Floating Bias
After the population voted and reelected president Obama yesterday, investors are voting this morning in the market. The Dow is down 360 points at the moment, which is below the 13,000 mark as well as below the 200 DMA. The general belief is that QE3 will not slow down and the business perspective of the future will continue to be burdened by over regulation. The stock market is very pro-Romney, believing that a more pro-business stance would be better for business and for investment returns. mortgage bonds have been the recipient of all the news, moving higher and pushed interest rates lower. Given the current trend, we will stick with a floating bias for now.