Many traders are of the view that the markets are tracing out a
b-wave rally with a c-wave decline into Jan. I think funds and
institutions maybe content just to buy the dips here until the
fiscal uncertainies over Govt expenditure are resolved. Markets may
have a sideways to downward bias until a deal is reached.
--
Don't know how long Govt revenue & deficit negotiations
will last, however they may have a bearing on the direction of
markets into January with many traders (PMs) getting more anxious
as negotiations drag on without any progress. I can't see either
side desiring to crash the markets into the January state of the
union address, however can't rule it out.
--
Note that the DAX, FTSE, CAC and the Australian ASX200 are
all pushing towards or above their Sep-12 highs. This fiscal
uncertainty is really holding back US markets.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Traders anxious as negotiations drag on without any progress
Posted by rixx on 10th of Dec 2012 at 09:28 am
Many traders are of the view that the markets are tracing out a b-wave rally with a c-wave decline into Jan. I think funds and institutions maybe content just to buy the dips here until the fiscal uncertainies over Govt expenditure are resolved. Markets may have a sideways to downward bias until a deal is reached.
--
Don't know how long Govt revenue & deficit negotiations will last, however they may have a bearing on the direction of markets into January with many traders (PMs) getting more anxious as negotiations drag on without any progress. I can't see either side desiring to crash the markets into the January state of the union address, however can't rule it out.
--
Note that the DAX, FTSE, CAC and the Australian ASX200 are all pushing towards or above their Sep-12 highs. This fiscal uncertainty is really holding back US markets.