Wednesday Radio Rallies and Reversals

Rallying - U.S. financials and some blue-chip technology stocks also saw early gains. GM surprised on the upside. The US$ is stronger. In Canada, Westjet had a positive surprise.

Reversing - Overall, North American markets are lower at this point. In Canada mining stocks are the main drag after Ottawa halted a copper and gold project in BC.

Opprotunitity - Investors are unwilling to take any direction after U.S. midterm elections and ahead of an important monetary policy statement from the Federal Reserve. It's a double edged sword. Investors may view the next 2 years as a time that nothing gets accomplished or they may see this as an opportunity for US companies to weaken or block what they consider anti-business policies in different areas from healthcare to financial reform.