As the U.S. government approached a possible shutdown as soon as next week, investors fled the dollar, leading the American currency to a 7-1/2-month low against the safer Swiss franc. “As this deadline approaches, investors are stepping up their sale of dollars on the growing concern that a government shutdown will undermine the quality of U.S. assets and lead to a retrenchment in U.S. growth,” said Kathy Lien, managing director at BK Asset Management in New York.
In a few days, we’ll close the books on both the month of September and 3Q 2013. Soon, we’ll be inundated with corporate earnings reports and assessing whether the results met expectations and how solid the coming outlook is for the last three months of 2013 and early 2014. Those last three months of the year also are a key time for retailers -- the holiday shopping season. It’s hard to believe that Black Friday is only 60 or so days away.
For the uninitiated, Black Friday is the day fo
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: