The New CS Board

[jumanji0881]

Time to get bearish on the markets -

The Republicans are setting themselves up for failure on any tax cuts by trying to remove the individual mandate from Obamacare. And any delay in the corporate tax cuts will not be market positive. Add to that the CR for funding the government expires on Dec 8 and the debt ceiling will need to be raised.If the Republicans do get their tax cuts, then it will add substantially to the deficits.

And a WOW story from Dennis Gartman on Bloomberg radio this AM that the SNB has been buying a huge amount of US stocks (including Apple) and any slowdown in their buying would be bearish for the market. These CBs have just gone too far as the JGB has been buying a lot of stock as well.