Wow! What a rally today in stocks! Just when both sides (of the political aisle) looked to be hunkering down for the duration (to the 11th hour, that is), the Republicans float a 6-week debt ceiling proposal.
More thoughts on that to come…
For now I want to prick your bubble just a bit, sorry, and offer a little insight—via a white board lesson I presented in June of last year—into a day when the Dow spikes 300 points amid this kind of uncertainty:
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