At this point of time, the market will move in the perceived direction of the budget talks. Any inkling of a deal will likely send prices skyrocketing because the selling has been relatively light – there’s been a lack of buyers and they are waiting for safety before committing.
Yesterday’s 100+ point down day was needed to wake Washington up. A few more days like Monday and a deal will get agreed to.
Today’s Potential Opportunities on Further Pullbacks:
Making You a Better Trader
To improve, you must continuously learn…
The Secrets of The World’s Greatest Traders: Even though this interview with was published over a year ago, it’s insight and wisdom is everlasting.