It has been the last 3 days of the fiscal cliff. I have closed all my position and shall call it a year. It has been a rather good year but the market is of course getting harder to read.
The harder part was due to the Europe financial crisis, the US presidential campaign and many other news that influenced how the market react. This is a time where traders will need more time and more risk management in place to monitor each trade. Those trader that finds themselves not enough time will surely finds the market a tough one.
In the last 3 days of the fiscal cliff. I do not think it would be wise to bet on the market because anything can happen.
Or maybe this is a good time to train up option strategy and prepare for the coming year.
I believe 2013 will be a better year looking at the Europe getting stabilized and US economic improving. China also started to shows improvement. After all, it is a new cycle according to the Mayan calendar.
New cycle comes new hope. I shall look into the market after the first 3 trading days :-)
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