I have little doubt the week of November 10th will have a lower equity value than the week of November 3rd. The decision is whether we will be soft right out of the gate, or whether we will rally – – particularly fueled by an "Obama rally" – – most of the week before we fall.
I'm feeling 60/40, with the 60% being the idea of a rally for most of the week, peaking on Thursday. If we do rally, these are the levels I think we could reach:
I actually sort of want the above to take place, since it would provide incredible shorting opportunities.
