[Chart courtesy of MarketWatch.com] Just as the major market indexes were about to violate their psychologically important milestones, that is 13,000 for the Dow and 1,400 for the S&P 500, news broke that there will be another fiscal cliff meeting forthcoming, as the House told their members to show up for work Sunday night at 6:30 pm. That’s all it took, and …
Indexes Slip As Fiscal Cliff Reality Looms; Food For Thought On Who Is Guilty
[Chart courtesy of MarketWatch.com] Fears about the looming fiscal cliff are taking on a new dimension as there is exactly one week left for the President and Congress to come together and avoid the mandatory spending cuts and tax increases. On extremely low trading volume, the equity indexes gave up ground for the second day in a row during today’s shortened session. …
ETF/No Load Fund Tracker Newsletter For Friday, December 21, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/12/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-12202012/ ———————————————————— Market Commentary Friday, December 21, 2012 INDEXES SLIDE AS HOUSE SCRAPS TAX VOTE; EUROPE SINKS US equity indexes tumbled Friday, paring weekly gains, after House Republicans canceled a vote on higher taxes for top earners to avoid going over the fiscal cliff didn’t find enough …
Equities Advance On Fiscal Cliff Hopes; Europe Little Changed As Optimism Fades
[Chart courtesy of MarketWatch.com] US equities firmed up Thursday with the S&P 500 rebounding from its worst slump in five weeks, as House Speaker John Boehner expressed optimism about reaching a deal with President Obama. Sentiment also got a boost after third-quarter economic growth was revised higher at an annualized pace of 3.1 percent, much higher than the 1.3 percent …
Fiscal Cliff Regression As Negotiations Stall; Europe Rises On German Data
[Chart courtesy of MarketWatch.com] Stocks turned lower after a two-day rally, pulling the S&P 500 down from a two-month high, as negotiations to avert deep spending cuts and tax hikes hit a rocky patch, fuelling concerns the economy may go over the so-called fiscal cliff next year. White House Communications Director Dan Pfeiffer said President Obama would veto a tax …
Equity Indexes Go Vertical On Fiscal Cliff Hope; Eerie Chart Of The Day; Europe Tracks Higher
[Chart courtesy of MarketWatch.com] US equity indexes extended gains into a second session with the S&P 500 index hitting its highest level in two months amid signs of progress in Washington in reaching a deal to avert a hike in taxes and steep spending cuts next year. Stocks surged higher after House Republicans held a news conference to say they …