Predicting the direction of the market in November and December is hard due to pending fiscal cliff debt talks. On one side,the U.S. Federal Reserve’s easy money, low interest rates and improving housing numbers are a plus for the market.
At the same time, the fiscal cliff will keep investors cautious until there is greater clarity on tax and spending policies. I am taking defensive position with my Market Timing ETFs model until there is a clear market digestion of the govt. direction on fiscal cliff.
Certain information contained in this presentation is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. The manager believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information and opinions.