Stockwatch: Turkeys and Thanksgiving
This article was originally published in Scrip
Executive Summary
It will be Barack Obama next week, and not Mitt Romney, who pardons the National Thanksgiving Turkey in traditional US festive ceremony. The relief rally in stocks which followed the re-election of president Obama was as brief as the rally that accompanied the US employment report the previous week (scripintelligence.com, 7 November 2012). Nothing, it seems can prevent the market's decline as investors flee from risk as they seek to remove potential downsides from their portfolios in the run up to the end of the year.