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Wednesday 30 October 2013

FOMC statement update

The Federal Reserve said that economy recovery is slowed & restrained by fiscal policy which caused the US government shutdown
The Fed decided not to taper & QE remains the same at $85 billion per month as expected

But the market is already too high & overbought that it might already be priced in
Stocks dropped from 1770 to 1757.31 & might be rebounding

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