Is all this Debt Ceiling Bluster Bullish or Bearish for the Market?

Discussion in 'Economy' started by Twalbert, Jul 29, 2011.

  1. Twalbert
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    Twalbert Member

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    While Republicans and Democrats take turns blowing smoke out their rears, Wall Street and the rest of civilized world has been trying to figure out what, if anything, Washington plans to do to stave off world-wide financial ruin. So far, the tea party leaves show one thing: no one has any idea, and some are more hopeful than others.

    On the one hand, Liz Ann Sonders, chief investment strategist at Charles Schwab, is pretty certain that the debt crisis is overblown and that things are, and will be, just fine. Seriously.

    Source: Benzinga
     

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