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Morning Market Briefing – Tuesday- 09/17/2013

Yesterday in the morning, the US market rocketed higher with the news of Larry Summers withdrawing his name from the Fed Chairman position.  Soon after, traders across the nation stopped trading and glued their eyes to tragic (yet non market related) news.  In the morning, a mass shooting at the Washington Navy Yards left 13 dead.  Aaron Alexis, 34 was a full-time member of the U.S. Naval Reserve and obviously a disgruntled American.  As money becomes concentrated in the hands of a few and the poor and middle class becomes destitute, we expect these mass shootings to increase.

Today, with the market set to open slightly higher, it is once again focusing on news which affects it.  We believe that this push higher is only a head fake.  The market is destined to sell off because the good news (Syria temporary resolution) is priced in and bad news (tapering) is not so priced in.

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