Markets in for an Upswing

No, this isn’t any soothsaying prediction or hocus pocus, but rather attributed to current market stats and economic factors: Current technical indicators are in an “oversold” territory and pretty soon they’ll correct themselves. According to Kevin Flynn in MarketWeek, the “Dow is oversold at 25.9, with the Nasdaq and Russell 2000 in the same neighborhood. The Nasdaq is in correction territory having sold off just over 10% from its September high, and other indices are close behind."

Lawmakers will likely compromise on the Fiscal Cliff. President Obama and House Republicans will likely retain tax cuts for low to middle-income wage earners while increasing taxes on the wealthiest households (perhaps those earning over $1 million per year)...

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