Posted Sep 30, 2013 by Martin Armstrong
Of course, the USA stock futures and the dollar came under some pressure as the shutdown of the government appears more likely. Everyone knows this is just drama and posturing as if the USA would actually default. But hey, it is good for moving markets as the talking head talk to themselves so much, they will confuse the issue, The euro is also feeling political troubles as it is becoming increasingly clear that there is a movement toward federalism in Europe and Brussels will be taking over most of Europe. But then there is the Italian government that has teetered on the edge of collapse. Italy is too big to bail-out. Then there is China that surprised everyone with a downward revision to its activity in its factory sector.
We are still headed into a turning point this week/next in most markets.