Quote:
Originally Posted by Cowperson
Markets don't necessarily care what you've done, only that the uncertainty of doing nothing has changed into the certainty of having done something.
Some clarity is positive. Business owners and others hiring or spending on plant and equipment will also appreciate the clarity.
As you say though, more to come.
Cowperson
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Yeah, that makes sense, still I would think since nothing is really solved that that would be uncertainty enough?
I guess even a hairs breadth of progress is still progress.
We will see soon enough. As I said, it's not just the ongoing negotiations on the cliff being pushed forward that we have to deal with, it's the fact we gotta do the debt ceiling again, which I thought would terrify investors and markets.
I did like Obama's strong words regarding that, though I don't know if it will make any difference. Course if the republicans feel like their getting the cuts they want, they'll probably not dick around with the debt ceiling again.