Investors May Like This Round of Budget Talk
In a press conference this morning, Debt Reduction Commission co-chairs Alan Simpson and Erskine Bowles scored the progress that has been made since their late-2010 "Moment of Truth" report. They also proposed a revised blueprint and timeline for some $2.4 trillion in further needed actions. (See the four-page "Bipartisan Path Forward to Securing America's Future.")
In a Q&A handout also released, the bipartisan duo promised to provide more specific proposals in coming weeks. The news foretells a heightened pace of budget-related noise soon to come from Washington. And this holds the prospect for either raining on Wall Street's parade or setting the bulls even more free. ...601 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.