Market preview: Global markets are giddy with joy after Congress skids to a halt at the fiscal...


Market preview: Global markets are giddy with joy after Congress skids to a halt at the fiscal cliff with a sharp hand-brake U-Turn that leaves the back tires hanging over the edge. S&P benchmark futures are +1.9%. However, the excitement will probably be short-lived, as there's the small matter of the debt ceiling to be dealt with, not to mention $110B of automatic cuts that were delayed for two months. Later: ISM Manufacturing Index, Construction Spending, FOMC minutes.
Comments (2)
  • minecanary
    , contributor
    Comments (1234) | Send Message
     
    Only algo's and idiots can see this as a good thing...When we stop playing central bank FantasyLand the payback is going to be a b**itch
    2 Jan 2013, 09:59 AM Reply Like
  • june1234
    , contributor
    Comments (4340) | Send Message
     
    Nothing happened. Congress kicked the can down the road for the new congress and the upcoming debt ceiling wars. Those 85 republicans who voted with dems will have to decide if they want to stay republicans or face 85 opponents in the next GOP primaries
    2 Jan 2013, 11:54 AM Reply Like
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