Navigating This Headline-Driven Market
Market volatility is alive and well these days, with one positive headline out of Washington followed up by a negative one. The market didn't like comments by Senate Majority Leader Harry Reid on Tuesday. Then it liked what it heard from House Speaker John Boehner on Wednesday -- and it didn't like it what Boehner said Thursday. The verbal jousting continued Friday, but stocks closed impressively near session highs -- something they've made a habit of doing since the Nov. 16 lows.
Late Thursday, the White House proposed $1.6 billion in tax increases, $400 billion in unspecified entitlement program cuts and an unlimited debt ceiling. Republicans said it was nothing more than a rehash of prior budget proposals. A deal seems a long way off, so it's noteworthy that the market is holding up as well as it is....510 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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