Thursday, October 31, 2013

Patience rewarded? Outside Down Day for the broad market.

NYSE Daily Chart @ Close 10/30/2103
The somewhat early; yet likely to be prescient warning 6 trading days ago (see earlier posts) now coming into play as the indices give up their gains & come back to the 'scene of the crime'.
Another 6 months of QE NOT quite the antidote to a slowing global economy & continuing unease over all things Sino; a gathering spy scandal in DC & logistic #'s that belie the 'recovery' thesis?
Let's see what happens next.