In an attempt to remain unbiased I did two videos today. One highlighting what I see that is bullish for the markets, and another where I point out some charts that could be trouble for the markets. I suspect the open will be volatile as traders digest the fact that the Government remains open after some tough budget cuts. I have no idea how that will be perceived in the eyes of traders but I do know that more cuts need to be made to even make a dent in the budget. We’re arguing about cutting pennies in my opinion when you consider how steep our debt is.
When will they do the sensible thing and realize that we’re fighting a war overseas we can win. Bring our troops home and downsize the military. That would truly send a message to the markets that we’re serious about cutting our deficit.
