What a great week for the major indices as they all posted double digit gains. In the week prior to the presidential election we saw an impressive bounce (or rally) with the small caps leading the way. Yes, the Russell 2000 ($IWM) posted a 14.1% gain this past week followed by the Dow with an
Pre-election doldrums
Today’s price action shouldn’t be too surprising given the history that will be made tomorrow. Yes, that’s right, everyone that’s a citizen of the US should be voting tomorrow as we will either have the first African-American President or the first female Vice-President. It’s a crap shoot as far as how the market will react