The Slightest Whisper Moves This Market
The most interesting thing about the action today is that no one really said anything new. We simply had some repetition about how important it is to make a deal to avoid the fiscal cliff and some vague comments about willingness to be flexible.
It may not be substantive, but that was all that was needed to light a fire under the market. Clearly, market players are optimistic that a deal will get done, and they are nervous about missing out on the inevitable rally that will occur when it happens. Thus they jump in at even a hint of progress, although it really is nothing but a negotiating ploy by both sides....123 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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