No concrete positive signs. Just speculation:<quoted text>
When you finally getting around to explaining to us your crazy statments about Texas dividing into 5 states, then tell us more about the stock market slide. I imagine the 200 point gain today fits right into your projection.
NEW YORK (CNNMoney)-- U.S. stocks rallied Monday, logging their best gains in months, as investors started the holiday-shortened week optimistic that fiscal cliff negotiations in Washington are progressing.
The Dow Jones industrial average jumped more than 200 points, or 1.7%, with financial stocks Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) among the top leaders. The S&P 500 added 2% and the Nasdaq surged 2.2
The broad rally started last Friday, after President Obama and congressional leaders wrapped up their first fiscal cliff meeting since the election. Investors were encouraged after both Democrats and Republicans emerged from the meeting with a confident tone and suggested that agreement could be reached before Jan. 1, when federal spending cuts and tax increases are scheduled to take effect.
"The question of whether or not the fiscal cliff will be avoided is impossible to answer with any degree of certainty, but the political reality does indicate that some sort of compromise may be possible," said Bob Doll, senior advisor at BlackRock. "The two sides still appear to be quite far apart on some important issues, particularly regarding a potential tax increase for higher-income Americans. But the parties are at least attempting to avoid brinksmanship."