Thursday, October 17, 2013

Oct 17 (@10:20am) - US DEFAULT AVERTED !


An 11th-hour Debt Deal has been reached!

US DEFAULT AVERTED!! (that's how most mainstream media headline reads....)


=What's In The Bi-Partisan Deal=
  1. The deal would finance the federal government until Jan 15, keeping “sequester” spending levels — something McConnell said was a “top priority” for Republicans.
  2. The borrowing limit would be raised until Feb 7, from a ceiling that was expected to be reached on Thursday (Oct 17).
  3. Lawmakers will also be required by Dec 13 to hammer out a long-term budget plan.
Read more here.


Why am i not surprise??....lolx!
I smell more of a sell-on-news sentiment in the immediate market reaction worldwide, running indices & indices futures alike...
Let's see how the ball rolls from here... keep an 'open' mind!

Cheers! ^_^


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