Friday, September 20, 2013

Meridian Market Update

Between the on-going debt ceiling shenanigans and more road to travel listening to the acerbic boys from Taper-Talk, the bears should have enough rope to once again do themselves in. 

Like the 95' Meridian break suggests - consolidation of the recent move higher seems more realistic - than a material decline. With that said, we see the Nasdaq as most vulnerable over the short-term and will be looking for the banks to start moving up in the performance standings.  

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