Putting D.C. in the Rearview Mirror

Investors must be even more relieved than political analysts that we have moved past the debt threat. Stocks are up more than 2% since before the government shutdown began, and there's no sign of a correction yet. However, we must keep watching student loan policies and mortgage insurers.

But first, here's a short postscript that might serve as prologue. Some investors were confused by misreports based on the text of the bill President Obama signed early Thursday to reopen the government and suspend the debt ceiling. Contrary to one interpretation to the effect that the measure might give Obama the right to raise the limit repeatedly going forward, the current bill simply mirrors the language enacted last January. It gives the president a one-time grant of authority....805 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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