Bear Mountain Bull

It’s time again for a little BMB R&R, especially with the market behaving as bizarrely as it’s been. Maybe if we stop watching it start to behave a little better…

Posting will be very light and variable over the course of this week, but we’ll put up an open thread each market day for our readers to comment on the day’s market activity or to post any interesting links they might run across.

Check the space below for whatever the latest might be during this ‘off’ time, and please visit the various sites in the ‘Links’ and ‘Regular Stops’ for up-to-date market news and analysis.

BMB will be back in full swing by next weekend.

BMB just reports what they’re saying — you decide.

At least that’s what this author believes: money is cycling out of ‘intangible’ assets back into ‘tangible’ ones, like natural resources.

With the run in commodities and metals over the past few years, it’s hard to argue.

Another drop in oil prices gave the markets a small boost today. Crude oil closed the trading day near the $50 level, helping to send the Dow and the Nasdaq each up about a quarter percent, while the S&P 500 remained virtually unchanged in relatively light trading. The Russell 2000 small-cap index gained 0.5%.

Market internals leaned toward the positive, and new highs outnumbered new lows by a wide margin.

No large moves in the industry groups today, with the winner of the day being REITs (+1.3%). The day’s losers included gold and oil services, each slipping 1.4%, and health care and health care products, each losing 1.0%.

October’s numbers slipped a little from the September readings.

At least, this week it is. Schaeffer’s Monday morning outlook provides a little history on market activity both before and after previous elections.