Deron Wagner is now looking for near-term short sale entries on ETFs that sliced through key levels of support last week and may bounce into new resistance of those prior support levels this week.
As frightening as it is to consider public debt increasing to more than 100 percent of GDP, an even greater danger arises from a rapidly ageing population. The related unfunded liabilities are large and growing, and should be a central part of today's long-term fiscal planning.
The stock market indices ended the week on a down note. The day started off with a sharp move lower that retested the lows, made higher lows, and then snapped back sharply late morning.
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