RED BARS EVERYWHERE

Yesterday, better to say in the last 3 days the US markets are dropping after hiting this week the SP500 the historic high. Heading south the Europeans and Asians too. The sentiments are not bad yet. The bearish and bullish investors are on the same level more or less. But the optimism has gone for a while. Most of the investors are waiting for the next week FED’s decision about the tapering or not. My bet is that no tapering.

Yesterday details:

SP500 -0,38% to 1,775

DJIA -0,66% to 15,739

Nasdaq -0,14% to 3,998. Since November 25 first time closed below the 4,000 key level.

The markets are now in quiet end of year mood. We have to wait for any significant move for the next week.

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The BFM Assets Team.