The market has basically been running up with the expansion of Fed Bank Credit via
the QE 3 program. The advance has "outdistanced" itself from a technical perspective,
and with official Washington again moving toward center stage in terms of both the
budget fight and monetary policy, there could be some volatility in the weeks ahead
as players try to handicap the interplay of oncoming economic data news and the doings
in the Capitol. SPX Weekly
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!