|@theMarket: The Bottom Is In|
09:08AM / Saturday, July 02, 2011
Well, we've made it through another pullback together. It seems clear to me that this week's stock market action is telling us that the worst is over — for now.
Yes, there are still a few dark clouds on the horizon. The closest one is the ongoing debate over increasing the nation's debt limit. Although I believe that in the end politicians will do the responsible thing and approve an increase, they are not beyond eleventh hour posturing. Few politicians can resist the chance to become the focus of the nation's attention by withholding their vote until all seems lost, only to relent at the last moment, thereby becoming our heroes. Disgusting? Yes, but that's what America's politics
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