It looks as though the markets may have bottomed out in perfect timing with the so-called "debt ceiling."
Traders and investors alike are breathing a sigh of relief, but we shouldn't be surprised if those with the real money take the markets down a little further before we see a true reversal. We did surpass the "D" target on Thursday, and this latest drama with US monetary policies hardly means everything - economically speaking - has been repaired.
All this "quick-fix" has really done is allow the US to pay off their first credit card with their second credit card, with funds they borrowed from their third credit card.
Hardly a recipe for success.
