5.9 C
New York
Friday, March 29, 2024

Market Did Not Like Obama Speech

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Just had a vertical drop of some 10 SP points on Obama’s comments.  Fell all the way back to that 200 day moving average near 1381.  Hectic.  Looks like we are going to be hostage to this situation similar to summer 2011 with the debt ceiling.  Headlines, rumors, comments, etc.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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