Sequester is weighing on the Markets, you can read more about sequester here. In long run, it is good for our economy as sequester will enforce spending cuts. But spending cuts always come with pains, as we need to change our spending habits as a nation. Besides that Italy election also added to the volatility as Euro-zone issue is NOT resolved just kicked down the road. What should we expect next!!! What is evident from below chart?
Market experienced volatility last week and might bounce from current levels, however expect a rough ride ahead. Lets not forget, sequester will be in forefront going forward and every word coming out of Washington will make market dance on its toes. On weekly chart, it seems like market is managing to hold near current level and most probably will pullback near 8650 level also shown by dotted line. What does it mean for our Investments?
Market now in pullback, stay cautious and alert... Comments are closed.
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