Monday?
- Thread starter bond_trad3r
- Start date
Even if the debt ceiling is raised, it doesn't solve the debt problem. If we do see a bounce tomorrow, it is probably a good area to short european indices (EWI, EWP) as the "fear" focus switches back to europe again.
Agreed.
Jim Abrams, Associated Press, On Sunday July 31, 2011, 10:16 am EDT
WASHINGTON (AP) -- Senate Republican leader Mitch McConnell said Sunday that negotiators were "very close" to sealing a deal that would cut spending by some $3 trillion while averting the first federal default in the nation's history.
McConnell, appearing on CNN's "State of the Union," said he hoped to soon be able to present to his fellow Republicans an agreement "that they'll consider supporting." That agreement would include raising the debt ceiling through next year's elections in two stages and creating a joint committee of members of Congress that would look at tax and entitlement reform.
Democrats were more cautious in saying that the end of weeks of bitter debate was almost over. Sen. Chuck Schumer, D-N.Y., a member of the Democratic leadership, told CNN that while "there is no final agreement," there was a sense of relief that the two sides were finally working on a compromise plan.
WASHINGTON (AP) -- Senate Republican leader Mitch McConnell said Sunday that negotiators were "very close" to sealing a deal that would cut spending by some $3 trillion while averting the first federal default in the nation's history.
McConnell, appearing on CNN's "State of the Union," said he hoped to soon be able to present to his fellow Republicans an agreement "that they'll consider supporting." That agreement would include raising the debt ceiling through next year's elections in two stages and creating a joint committee of members of Congress that would look at tax and entitlement reform.
Democrats were more cautious in saying that the end of weeks of bitter debate was almost over. Sen. Chuck Schumer, D-N.Y., a member of the Democratic leadership, told CNN that while "there is no final agreement," there was a sense of relief that the two sides were finally working on a compromise plan.
FML
I doubt very much that it will be a particularly interesting market day. Expectations have been all along that a "deal" would be reached before anything serious happened.
Trade it like any other day...