Even Odds On a Christmas Stock Market Rally

I think a market rally is very probable between now and the inauguration as investors will be bargain hunting in the days leading to the new administration. February will see a return to market volatility as the Obama administration attempts to bring sanity to our economy. The markets love hands-off free-for-alls like the past 8 years as long as they get bailed out afterward yet there is no ignoring that losses must be recovered, bailouts must end and responsibility must prevail else all is lost. President Obama has assembled a fantastic group of talent yet our nation is likely to rebuff him on many changes and the markets rebuff everything not concerned with increasing their profits. The time for freelancing is over come January 20 when Obama Fear will overwhelm the markets and hopefully responsibility will return to our nation!!!

Ray Fisher of NM 11:15PM December 22, 2008