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Zacks.com Profit from the Pros
Dear Subscribers,
The good vibes from a proposed "Gang of Six" debt deal had the market soaring on Tuesday. Unfortunately the market was snoring on Wednesday. Why? A substantial deal is not yet in the bag. So I think stocks will be stalled until there is a clear indication of what will happen.
No Deal Yet + Positive Earnings = Stocks Market Stalled Until Something Happens
Substantial Deal Reached In Time + Positive Earnings = Stocks Hitting New Highs
Deal Opportunity Squandered + Positive Earnings = Stocks Retreating
The math is clear. The outcome, unfortunately, is not. We'll know the final answer soon enough. |
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