The market extended the election erection rally on Tuesday, in spite of the fact that the Fed withdrew some of the walking around money it pumped in on Monday. Their political work is now done, having had the desired effect, and we can now sit back and await the return to less manipulated markets. That’s not so say that the market will head straight down, just that the extra artificial propping will be withdrawn. Click here to download complete report in pdf format (Professional Edition Subscribers).
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