Carter Worth CNBC 11/03/08 - Election

Carter Worth - Chief Market Technician at Oppenheimer was on CNBC today, 11/03/08 and gave some stock market analysis:

This week could be the biggest week for data in the last decade. We think all the data you will get is all priced into the stock market. The rebounding action should continue over the next few weeks. We think you should be long, not short this stock market.

A McCain victory is not priced into the market but an Obama victory is.

Regional Banks & Insurers are showing signs of life, this is positive for the markets.

Another thing that could really cause the stock markets' to go down is a employment number that is more then 250,000 jobs lost for last month.

We are still bullish!

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