Sunday, October 13, 2013

13 Oct Thoughts

ES re-bounced strongly, on Friday, from Nep's PL towards Pluto's PL, based on markets believing that there will be hope and possibly a temporary solution to the debt ceiling impasse.

However, over the weekend, the truth was

"Hopes for a deal to end the government shutdown and avert a U.S. default turned to the Senate on Saturday as House Republicans said their talks with the White House were effectively over."
http://thehill.com/homenews/house/328185-house-gop-powwows-as-debt-limit-looms

Look like Monday markets would most probably be suddenly surprised/woke up and disappointed/spooked with their own self- manufactured illusions that the there will be a solution/ negotiable position to the current political dead lock in the debt ceiling negotiation.



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