11:21
Unknown
Here we are stuck in the mud while House is gone home to celebrate weekend. Senators will duke it out with a mix of hope & hurdles......
Thursday is the "dead line"......no wonder this word is so disturbing.....
I do not expect anything to be done until the last second of Thursday dead line........
How will market react depends on what is announced before Japan opens or before US market opens......
What i am expecting is some kind of news of framework which needs to be voted....House is expected to vote on Monday evening.......
Monday may be OK on hope & Tuesday could be troubled as House may not agree in its vote......so it is back & forth until they kill the time until last second on Thursday.....
As we all have seen this movie before every three or six months...TAPE may be anticipating "final agreement by Thursday deadline.
TAPE also has to deal with "below expectations" Chinese trade data......
It is never easy in markets.......
It will be a good idea to buy or reposition on any weakness......
Some key earnings may give lift to sentiment..Tuesday is YHOO, Wednesday is SNDK & Thursday is GOOG......
Q 4 is a good time for technology & retail.....but this government shutdown may impact key Q 4 Sales for both sectors.......
Again strong companies may fare better in dealing with delayed Sales......
I am a bit optimistic as we are down to last 96 hours of haggling & then an itsy bitsy deal & everyone declares victory...all they will do is push everything to next 45 to 90 days.......
Never a dull moment in US political theatre......
BLOG does NOT give buy or sell.
Saleem
Thursday is the "dead line"......no wonder this word is so disturbing.....
I do not expect anything to be done until the last second of Thursday dead line........
How will market react depends on what is announced before Japan opens or before US market opens......
What i am expecting is some kind of news of framework which needs to be voted....House is expected to vote on Monday evening.......
Monday may be OK on hope & Tuesday could be troubled as House may not agree in its vote......so it is back & forth until they kill the time until last second on Thursday.....
As we all have seen this movie before every three or six months...TAPE may be anticipating "final agreement by Thursday deadline.
TAPE also has to deal with "below expectations" Chinese trade data......
It is never easy in markets.......
It will be a good idea to buy or reposition on any weakness......
Some key earnings may give lift to sentiment..Tuesday is YHOO, Wednesday is SNDK & Thursday is GOOG......
Q 4 is a good time for technology & retail.....but this government shutdown may impact key Q 4 Sales for both sectors.......
Again strong companies may fare better in dealing with delayed Sales......
I am a bit optimistic as we are down to last 96 hours of haggling & then an itsy bitsy deal & everyone declares victory...all they will do is push everything to next 45 to 90 days.......
Never a dull moment in US political theatre......
BLOG does NOT give buy or sell.
Saleem
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