Monday, August 1, 2011

Debt ceiling rollercoaster

What a day! After the positive (?) news that there was a debt ceiling deal reached, futures went up big.
Later on, those gains faded somewhat and half an hour after the open of the US market, the ISM Manufacturing number came out way under expectation. Result: a huge drop in no time and we went slighty under Friday's lows. No big bounce as we've seen last Friday, but we did go higher towards the close. The first time in about 5 days we close strong, although still in the red. At least one bullish sign I guess.

Tonight's the big debt ceiling vote. Boehner claims he has the votes, let's see how that works out...

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