"Senate Democrats have been closing in on a plan that would put off sequestration with a combination of increased taxes on oil and gas companies and hedge-fund managers and spending cuts to defense and even farm programs."
So either we have sequester or tax hikes. Either one can't be good for stocks. SPX prob 1550 and beyond nonetheless.
kenttown wrote:"Senate Democrats have been closing in on a plan that would put off sequestration with a combination of increased taxes on oil and gas companies and hedge-fund managers and spending cuts to defense and even farm programs."
So either we have sequester or tax hikes. Either one can't be good for stocks. SPX prob 1550 and beyond nonetheless.
Futures no reaction so far.
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