I would close any long positions on Indices now. March 14 is just a drawing fix on the chart but on March 15 we may just as well see a wrench trown into the US fiscal policy gears.
In addition to US built in deficit spending of 10 trillion over the next decade, current administration is promising even more spending. US government current debt ceiling extension expires on March 15.There will be a stand off in congress. Then we have Duch elections and French comming soon after. Eurodollar market on hi heat - show me the money - this is why I would take leave of absence. Good Luck
Comment:
Wooops
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In addition to US built in deficit spending of 10 trillion over the next decade, current administration is promising even more spending. US government current debt ceiling extension expires on March 15.There will be a stand off in congress. Then we have Duch elections and French comming soon after. Eurodollar market on hi heat - show me the money - this is why I would take leave of absence. Good Luck