Radio Rallies & Reversals

Global stock markets are all up ahead of the FOMC announcement tomorrow. Investors are looking for clarity around the next round of quantitative easing. From a seasonal standpoint, November is the first month of what is usually a favorable six month period. According to Brooke Thackray, from 1950 to 2007, the S&P500 is up an average of 4.6% from November to January, and positive 74% of the time. Within this trend, metals and mining stocks usually do well for the remainder of the calendar year. As long as QE2 doesn't disappoint, expect more of the same.

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