WEEKLY COMMENT 10-01-2013
By Barry Edwards
A Happy and Prosperous New Year to everyone from the Txtreme team.
As we moved into the New Year we stepped back from the fiscal cliff and started the year with unenthusiastic acceptance of the political agreement from the markets and financial commentators. The result, surprisingly, was a boost to stock markets around the world and a general air of confidence prevailed for a few days. This seems to be dissipating fairly quickly as the forecasts for 2013 are becoming gloomier.