Market is obviously interpreting that news as good, therefore it jumped over 100 points. Bought NOV under $66 and just cashed in a point on that news. Who said the pointy head politicians dont make us money? LOL
There was some alarm in the halls of Congress about:
1. Congressional pensions
2. Congressional healthcare benefits
3. Congressional pay raises
All members were assured that these items are guaranteed regardless of the cliff or the collapse of the country. Wall Street was concerned that members of Congress would not be cared for in old age, but it was soon clarified that all these items are safe, and will be paid ahead of anything else.