Dancing along the cliff’s edge…the technical cliff

Posted on Dec 27, 2012 by in Letters



http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=4&mn=6&dy=0&id=p30028146067&a=239474174

Readers cannot but be exasperated by the kabuki show taking place in Washington -- as evidenced by today's price behavior. A range of 21 points in the SPX -- with an actual change of less than 2 points. Like a monkey watching a puppet show the market sits on its cage fence with its ear cocked to the Washington sound track. All hope gone? SELL! SELL!! Clowns will return to Congress to (not) solve problem? BUY! BUY!! Whiplash.

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