The indexes have rallied since November 16th...but are now are levels that can either break higher or possibly test support retracing lower. The “fiscal cliff” of potential tax increases and spending cuts at the end of the year has kept companies cautious about spending and investing.
The Kumbaya...good feeling prior to Thanksgiving has now entered a stalemate level. With both sides drawing lines in the sand. Read
Once the fiscal cliff is addressed, investors will have greater confidence and certainty. Companies as well and will begin to spend.
ITZ added two more positions this week ... click here to see
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