market will be down monday along with apple.......debt ceiling hitting before year end
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SUNDAY, DECEMBER 2, 2012
STOCKS FOR DEC 3RD: MDRX, VRSN, TITN, FB
Posted by Vinay jha
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Market expected to open flat to lower on Monday, after ESM downgrade by Moody after hour on Friday. This market is running on hope of hope that something good will happen in coming days. There is no doubt market is usually bullish after thanksgiving to Feb, but this time even thanksgiving sales number wasn't good and with fiscal cliff hanging there is more uncertainty. Below is an interesting chart put on by zerohedge.
US debt is now at 16.329 trillion while limit is 16.395 trillion, which is less then 66 Billion from hitting it.
Source: Zerohedge showing 3 F's in S&P500
New Warning Sign on S&P500
New warning sign S&P500
Weekly Outlook for Dow jones Dec 3rd - 7th:
Weekly outlook for Dow jones Dec 3rd - 7th: Likely to close at 12810