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The market has been very erratic this year. I’m certainly no sage. But I think there are two things currently troubling the market: The price of oil and the election. The market really hates uncertainty. With oil doing what it’s doing that adds a level of uncertainty into the world. The Presidential election is very uncertain. I would not be surprised to see the market settle down after the election regardless of who is elected.
Posted by Ted at October 15, 2004 6:55 AM