WEEKLY MARKET DIGEST: THE EFFECT OF CATASTROPHE WARNING IS SHORT-LIVED $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
THE EFFECT OF CATASTROPHE WARNING IS SHORT-LIVED
October 4, 2013
Yesterday the U. S. Treasury warned of catastrophe if the debt ceiling is not raised by October 17th. The stock market which has been ignoring the crisis in Washington finally listened and fell in the morning. The bulls were back in the afternoon recovering about one-third of the loss. Bulls are back again in the pre-market trading.
The bulls continue to believe that the crisis will be resolved before any significant damage is done.… Please click here or the title below to read more.
October 4, 2013