Hey, let’s face it, no one can screw up an election quite like the state of Florida, right? I guess that’s what’s driving the markets so much higher today. Anyway, I’m keeping a close eye on the bonds, which I believe will soon be repelled by those plunging moving averages……
The Utilities, also interest-sensitive, should fall as well, although they have been dramatically stronger (which I find freakish, considering PG&E has lost the majority of its market cap in a very short span of time).
