In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 12/9/2012.
More bobbing and weaving in a tight trading range was the theme of the week, as the S&P 500 managed to eke out 2 points.
I don’t know about you but I am feeling ‘Fiscal Cliff’ fatigue setting in as no progress seems to have been made. It appears to me that the market has not priced in the possibility of a failed agreement between the warring parties, and hope reins superior.
If the squabbling and finger pointing continues, we may not see a market reaction until after the 1st of the year when the reality has set in that we may be actually sliding down the much feared cliff, should a compromise prove to be elusive.
Again, my view remains the same that politicians will not get serious about addressing the issues until they’re forced to. And the only thing that will provide the necessary motivation is for the markets to speak up loudly via a sharp downside correction.
Over past week, we covered the following: