Be Wary Of A Dead Cat Bounce In The Alerian MLP ETN (AMJ)
Ongoing political gridlock in Washington D.C. remains the dominant theme on Wall Street, and, as expected, equity markets remain plagued with choppy trading amid looming clouds of uncertainty. Investors have digested some encouraging news nonetheless, including solid 2.7% GDP growth and better-than-expected construction spending at home along with expansion in China’s manufacturing sector. With all eyes on the “fiscal cliff,” however, it’s likely that investors won’t get too distracted by anything other than concrete developments in Congress as the end of the year approaches [for more market news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: No Related Posts
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