Thursday, Dec !9, 2013
Last Friday we had predicted that there will be no tapering . Tapering yesterday was nominal by 10 out of current 85 billion per month. That is why the markets took off around the world. Will this rally continue till the end of this month and also into early next year cannot be predicted at this point. Let the markets tell us. We were right when we told you to get out of the bearish position last Friday as we were expecting no tapering.
For now, investors are enjoying in the clarity from the Federal Reserve, which finally ended the "will they, won't they" guessing game. After its final meeting of the year, the central bank announced it will taper its $85-billion-a-month bond-buying program by $10 billion starting in January. When the economy grows up by 2% and the markets go up by 30%, that cannot continue forever. Let the markets tell us when that will happen
Gold has been the biggest victim so far.
DJI
SPY
Nasdaq (Comp)
GLD Gave a Sell signal yesterday
GDX Gave a SELL signal yesterday
Last Friday we had predicted that there will be no tapering . Tapering yesterday was nominal by 10 out of current 85 billion per month. That is why the markets took off around the world. Will this rally continue till the end of this month and also into early next year cannot be predicted at this point. Let the markets tell us. We were right when we told you to get out of the bearish position last Friday as we were expecting no tapering.
For now, investors are enjoying in the clarity from the Federal Reserve, which finally ended the "will they, won't they" guessing game. After its final meeting of the year, the central bank announced it will taper its $85-billion-a-month bond-buying program by $10 billion starting in January. When the economy grows up by 2% and the markets go up by 30%, that cannot continue forever. Let the markets tell us when that will happen
Gold has been the biggest victim so far.
DJI
IWM Giving a Buy signal Can go to at least previous highs
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