Thursday, 15 November 2012

Anticipation of details from President Obama at speech

Dear Friends,

Dow continues its drop by 70 points mid day into the trading session. Market still not that good before the speech that will happen in mid day. This is the first news conference live after the election. People are tuning into the speech and hoping to hear something positive.

But probably, this time round, I still think the time is early to garner some positive reversal. Let us see what he says and study what the market thinks.

Let us still stay on the sidelines and wait until more confidence comes back into the market.



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