Wednesday, 28 August 2013

A 160 points drop is never a good signal for the market

Dear Friends,

It does seem like Syria and the Debt ceiling bombshell is hitting the US market confidence hard, just when it shows a bit of recovery last week. One problem adds to another.

At first, it was QE tapering. Then there is the treasury yield rise to 2 year high problem. Then today both Syria bomb uncertainty and debt ceiling issue is plaguing the headlines.

Syria article:

Debt ceiling issue:

With US having more questions and uncertainty, it does seem that local market will be affected. Today let us anticipate a selloff in Asia. Hopefully this Syria issue is solved without any brutality.

A few hints I am looking at for a stop to this slide:
1) 3 consecutive up days on the DOW
2) A triple digit up day
3) An up day on next friday , the non farm payroll report day which will decide the fate of the QE tapering


958 Interview June 28, 2018: Wallstreet is just using "Trade War" as an Excuse for the Fall! (Translated to English using Google Translate)

          Wallstreet is just using "Trade War" as an Excuse for the Fall! Last night Dow Jones fell 165 points to close at  2...