Since the stock market has not moved down at all in response to the debt ceiling debate, one has to ask how much upside potentials we’ll have if it is resolved…especially since credit is going to be much less plentiful going forward…AND the market is already quite expensive.
With the stock market becoming quite overbought recently, this is another reason to worry about the risk/reward equation surrounding the debt ceiling issue…even though the odds of a default are low.
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