Buyers Want to Buy

Following the gap-down open, the dip-buyers did their thing again. But they didn't stick around for long and the market closed poorly. There isn't much motivation to hold on as it looks like the deadlock in Washington is going to drag out for a while longer.

There is enough optimism about a deal to give the market underlying support, but the longer things drag out, the more nervousness there is of a real market panic. Many market players don't think there is any chance of a debt default, but if there isn't some movement to negotiate, it is going to be tough for the market to hold up....1126 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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