Whoopee! This is what the market was waiting for, a sign, a compromise, the green light, and we got it or have we? It seems that the initial reaction of investors is to trade with relief, which is not the usual true sense of euphoric abandonment. Waiting on a positive compromise vote has dominated all asset classes and more so ever since Obama's presidential election win in November. Global markets had been hoping that the US would not push itself and them into another recession. Today's vote vindicates that, for the short term at least.
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