The odds of the big Plan getting done rose yesterday (on Intrade.com), and are higher again this morning. The market seems to be breathing a sigh of releif, although you know I am always nervous of a market that opens higher. Let’s hope this rally holds into the close. The Dow is up +200 points as I write.The market is higher despite some weak economic news. August new homes sales were down -11.5%, substantially below the -1.0% consensus expectations. Durable goods were also weak, falling -4.5% in August (vs. -1.9% consensus). Bill Gross said that the unemplo[...]
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[Source: The Money Blogs]
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