News has nothing to do with the markets - still.

October 15, 2013

So congress is playing brinksmanship with the debt ceiling, and news around the world is fretting about the catastrophe looming from a default on the U.S. debt.

 

In fact, China is trying to use the event to convince the world there should be a new international currency, and that it's time dump the dollar.

 

With all of that happening, you would expect stock markets to be in trouble, right? Wrong.

 

Markets are rising. Not because the news is good or bad, but because markets are actually indifferent to the news, they follow the course of in force cycles, which at this time have bottomed and are rising.

 

It's that simple.

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