MONTH END WITHOUT DRAMA

November turned out to be an OK month if you are long the market. Volatility however, is another matter. Huge swings and opportunities left, right and center. If you believe the press and self proclaimed experts, stocks will finish the year in bullish mode. This seems to be consensus and thus gets me suspicious. Others predict 10-15 years of mediocer trading ahead. For some odd reason these guys tend to be the ones who extrapolated the last years bull market to infinity. "Supercycle" was heard more than once and that turned out to be as real as "the new economy". Next week will probably mean some are taking their winnings off the table, pushing down indexes somewhat. Don´t think this will push it all the way to a new bottom and we might acctually see some buying the dips from sidelined money. HMB SS getting near 300 again, ABB SS firmly above 15 CHF, SWEDA SS will be interesting enough. Will dive into some weekend reading and see what I come up with.