Shesa's DECEMBER 2013 INVESTMENT BLOG
14 December 2013 December 2013 Investment Blog Shesa Nayak Market Commentary: The DOW Jones Industrial Average closed at 15,755.71, NASDAQ closed at 4,007.22 and S&P 500 closed at 1,776.52 . Late November DOW crossed 16000 points and S&P 500 crossed 1800 points for the first time in US stock market history. NASDAQ crossed 4000 points but its high was 4572 points in Jan 2000. So we may have to wait at least some more time for NASDAQ to make a new high. In the last few days, markets are in down turn except some minor gains. Market Analysts feel that the economy is doing well and Federal Reserve will soon stop buying bonds causing interest rate to go up. It may happen some day but I personally feel that Fed will not put a brake since inflation is still pretty low. They do not want to bring the economy to deflation. I feel that tapering would not happen until mid next year. US stocks moved higher Friday morning after three straight losing sessions foll...