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Thursday 22 August 2013

Stock Market Analysis

Stocks have already rebounded during pre-market but looks weak & dropping yet again
After Unemployment Claims were announced worse than expected, stocks began to climb again as it should reduce the chances of Fed tapering too soon
After FOMC Meeting Minutes showed no clear sign of tapering, the market is now looking to Jackson Hole Symposium for some answers
But the market should at least calm down a little as there weren't any announcement of tapering in September yesterday
Market Sentiment: slightly bullish, still uncertain

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