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-- Horowitz in the business -- may stand crouch.
Says watch out because there won't be a fiscal cliff resolution and -- -- profit telling us why resolution or not.
Will be good for the markets let's start with Todd Todd defended it didn't disappoint -- -- you got that.
The whole shebang to forty billion of MBS to 45 billion in in Treasury's new -- of money why did the market -- -- -- island the person we have to look at as the market expectation we had a five day rally coming into this the market knew this was coming you know we're also hold a second thought not running -- stuck there because there -- been some going towards.
That they wouldn't be going to hold 45 billion that they'd stop short of somewhere around 37 billion so there were some expectations -- perhaps would be less than it did.
Us editor well -- the way the market price of the market price in the full tilt.
And you saw after the rally -- even a little surprised that got everything and we got that little spike rally and of course right in -- resistance because that's the tactical level that we're out there with a market figured this -- premieres with a natural break.
Into a market that was overdone -- Okay but look let's not ignore the fact that one thing that a lot of people are talking about right now but should it.
And that's why oil jumped to Zweig cool -- is that the dollar got shredded today it's just did you know what the Fed announces these kinds of bond buying programs -- continuation of them.
It really -- the greenback how worried should we be about that or -- Big you know -- global companies that are based in the US doing the happy dance because their products are now going to be cheaper overseas.
Yeah well I think -- that it's they should build the word I mean you know we want -- may be able to export probably not he's plan is good to see in the so -- are exported.
More valuable I think we should be concerned to -- I don't think they're really solving the big issue.
And the big problem that we're having you know they're trying to infuse liquidity in the system but really what they're doing is you're just helping the banks and helping.
The big time guys cannot helping the average American I think debt through the probability desperate -- bubbles gonna finally burst when -- realized.
That these are real problem bigger problem and that by just helping banks is helping the wealthy is not going to help the average American -- here we'll talk let's.
Pull back to fiscal issues on second year in taxes and some people think that -- it is it is huge sell -- in the week before the end of the year.
Unless of course is some resolution to fiscal -- without taxes going up but what do you think.
I think that the markets -- -- that the market looks and it still looks strong having Lil bit of a sell off we're still up five of the last six days.
That the market telling me that there is gonna be no problem the -- but the market's -- me that we're gonna probably stay rally summer into the area is their right around this resistance level.
I think you -- the first thing here -- that you might have something to look at.
Because they're gonna solve this that this the prohibition but I think after it's done I think we start this isn't serious selling pressure here.
Todd Horwitz thank you ma'am we're gonna come back to you when the SP futures closed to get a peek into what might happen tomorrow --
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