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

SPY 690.27

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Dec 26 4:00 PM EST

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To: GROUND ZERO™ who wrote (43457)	1/9/2013 11:23:27 AM
From: Keith Feral	Read Replies (1) of 220710

DXY looks like it can bust $81 very soon. Usually, nothing good happens when the dollar takes a parabolic move higher. GLD is sitting on a major battleground at $160 as it flattens out from last year. I don't want to be a part of that battle either. I never thought the tax part of the debate on the fiscal cliff had any real significance. However, the debt ceiling concerns every part of the market, especially banks. I think everyone will hope things go as smoothly, but I think the Republicans are going to block the debt ceiling unless the Democrats offer entitlement reforms. Frankly, I don't think they will be willing to offer any compromise, and just keep demanding more tax reform.

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