Congress speculates with the market…

Posted on Oct 04, 2013 by in Letters

 

 

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=318176721

The unbelievable has happened and the market doesn't like it.  As can be seen here the chart doesn't like it either.  Prices are entirely too close to the nov12 trendline.  While not the fatal trendline, penetration would damage the bull trend -- how badly not known but any bad is bad.

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