Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Feb 3 4:00 PM EST

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To: ggersh who wrote (41230)	12/4/2012 11:08:03 AM
From: Keith Feral	Read Replies (1) of 222827

I think the market will rally as we get closer to normalized yields on the DOW. The market is still priced for positive performance anywhere from 1350 to 1400. As for the economy, the cliff comes at a difficult time. Nobody is looking to expand due to Obamacare and higher labor costs next year. Boosting tax rates doesn't make that process any easier for employers. The hidden costs behind the last 4 years of kicking the can down the road won't be so hidden next year. I see a lot of things flattening out next year like oil prices. The days of WTI bouncing back above $100 are over. There will be some pain out there as defense budgets are slashed. The pain will have a silver lining, but it may take some time to appreciate.

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