Thursday, November 25, 2010

Market comments for Thanksgiving day

With the stock market closed today and minds on Turkey, stuffing and all the trimmings, I think I can make a very safe market prediction. The market won't be going down today, nor will it be going up. A Buy and Hold strategy will work for today, but there are no promises for tomorrow. THAT'S ONE PREDICTION I FINALLY WILL GET RIGHT!

The Put to Call ratio will be unmoved and remain where it was at the close of the market yesterday, which was at the 1.06 level. The last time the Put to Call ratio was this high was on Oct. 12th, Christopher Columbus day, when it closed at the 1.15 level.

Given this market certainty for today, I would suggest settling back, taking a deep, relaxing breath and watch The Macy's Thanksgiving Parade, your favorite Football game rivalry and join family and friends for a wonderful Thanksgiving dinner, while giving thanks for all of what you have. I plan to do this too because I see the storm clouds on the horizon, but today is no day for that. Just look at the best side of everything today and chill. That's an order!

Happy Thanksgiving!

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