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Thursday 29 August 2013

Stock market analysis

Obama said that he has not made a decision on Syria strike but has gotten options from US military & concluded that the Syrian government used chemical weapons

Analyzing Obama's words, he intends to use some kind of military action that would send a strong message to Syria but has not confirmed a decision yet
The move will be made without UN support because Russia has veto power & supports Syria

Looking towards an uncertain future, the market should go down, but the market might go higher instead just because a decision has not been made yet

S&P 500 might rebound around 1630 again

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