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Monday 26 August 2013

Stock Market Analysis

Central banks are questioning the effects of QE yet worried about the impact of tapering or exiting too soon
There were only few who called for an immediate pullback

"The Fed has made the determination that the benefits of additional QE have gone down"
QE tapering is inevitable & it's just a matter of time

Investors are still concerned as the timing of tapering is still uncertain
But the market appears to be going up after bad economic news today because it might delay tapering (temporarily)

Market sentiment: uncertain but bullish after bad economic news
Stocks should continue going up at least for today but it's not confirmed yet
We'll wait for a safer trade, look to buy S&P 500 if it drops to 1660 & rebound

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