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Staying defensive until fiscal cliff talks resolved

Saturday, November 24, 2012 20:50

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(Before It's News)

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.

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