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Minyanville's T3 Daily Recap: Markets Stabilize Ahead of Election
The market recovered from small early losses to finish in positive territory leading into tomorrow's presidential election. The Nasdaq was the strongest index gaining 0.6%. After Friday's outside bearish reversal we saw some selling pressure in the morning today but the recent floor on the S&P of 1403-1408 continues to remain intact. It feels like the market is on hold ahead of the election and as we continue to get news about the economic effects of Hurricane Sandy. Many are trying to handicap what stocks will do well based on whether Romney or Obama win but we will wait ...
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