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Tuesday 27 August 2013

War, debt & QE tapering

Stocks are going down as there are worries that the US is going take launch a strike against Syria because of its use of chemical weapons
US military is prepared to take action if Obama orders it
The Treasury Secretary said that the US government might reach its debt limit by mid-October & run out of money to pay its bills but Obama will not negotiate debt limit
That will also increase chances of QE tapering soon if the problem is not rectified & stock markets might crash
Look to sell S&P 500 as there are more worries & concerns in the market


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