Agree, but this won't happen until we get more towards into next month, we could grind down and the pop won't be as lethal until the next fed meeting. I would think the two would be mixed together.
Look at Japan, it is up now, gained 150 points in a flash. It must be all the retail E-Trade traders buying in to Japan tonight, it couldn't be the BOJ:-). I'm sure we will see the same thing here, massive buying by our Fed right from the open.
Think 'the deal' might be that Bubble Ben might have gotten the message from TPTB that he should get back to his original objective of a 1% ten year treasury note-- and stop trying to create a bubble in the stock market ?? JMHO
Bonds trump stocks every time. The Fed needs to suppress rates or all the debt out there that eventually has to be rolled over because no one ever pays debt off is going to implode. No one even talk about the losses bond investors have.
and when do you think a deal gets announced Professor? And what precisely do you think the deal will be? Who think the Dems and the President are going to acquiesce to delay Obamacare for a year? You better go back to school if you do
No deal - no bucks - no USA. Welcome to massive distortion of supply chains, economic chaos, and martial law. You better head to the bunker right now hadn't you?
No deal- get serious.. The deal is already in place. The politicians got their face all over the news channels right now but are already lined up to speak at the ELKS clubs across their constituencies to make sure everyone knows they did what had to be done - no matter what little was actually done..