Going to be a wild and wooly week.
A lot of investors are concerned about the upcoming battle over the budget, but I think a more significant factor in why this will likely be a down week, is positioning by the hedge funds for the last quarter of the year.
I expect that they will be using the ETFs and indexes to drive down the stocks they want to own for the last quarter of the year, and then on Tues/Wednesday of next week, buy them at lower prices to hold through the end of the year.
The economy did not suddenly start tanking and all of the companies that are down, did not suddenly start loosing money on Friday, but stocks are down in almost every sector.
You can see it happening today, and I expect it will continue for the rest of the week.
This might present some buying opportunities for those willing to take the risk.
JMO and worth exactly what I am charging for it.