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U.S. stock futures join the global party after Congress just about averts the fiscal cliff, for...

U.S. stock futures join the global party after Congress just about averts the fiscal cliff, for now. However, "the excitement will evaporate, because the buildup does not include raising the debt ceiling or longer-term budget cuts," says GFT Markets' Fawad Razaqzada. Dow +1.95%, S&P +1.5%, Nasdaq +1.5%.
Comments (5)
  • bbro
    , contributor
    Comments (9832) | Send Message
     
    But it does include no recession....
    2 Jan 2013, 06:27 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4091) | Send Message
     
    Since when are budget cuts good for markets? Also, Obama will not allow discussion on debt ceiling.
    2 Jan 2013, 06:40 AM Reply Like
  • Ted Bear
    , contributor
    Comments (607) | Send Message
     
    Insane reaction to a completely insane behavior out of Washington.
    2 Jan 2013, 06:48 AM Reply Like
  • Bear Bait
    , contributor
    Comments (673) | Send Message
     
    It's like surfing....ya gotta ride the wave when it comes!
    2 Jan 2013, 07:28 AM Reply Like
  • manolo62
    , contributor
    Comments (4) | Send Message
     
    with or without fiscal cliff and other normal political events equity markets will be the only place to be in a world of zero % rates. It will last longer than expected. Happy New Year!
    2 Jan 2013, 09:00 AM Reply Like
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