Wednesday, April 29, 2009

Is the market pricing in the government?

Interesting thought from my friend.

After the sharp V recovery from March low, the market participants, whether they are amateur traders/investors like me or professionals, have been expecting a significant correction. The problem is, we've been waiting for that correction for nearly a month now. The market feels like it is refusing to go down, but too tired or not too eager to resume the upward movement soon. What is it up to? What is it doing?

I am intrigued by my friend's assertion that the market is pricing in the government. So I am plotting major political events of the past 1 year against the Dow Jones Industrial chart. I'm hoping to post soon. Stay tuned....


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