It just seems too obvious

Markets expected to rise on word of debt deal Ending a perilous stalemate, President Barack Obama announced an agreement on a compromise to avoid the nation's first-ever financial default. Jittery financial markets are rising on the news. (July 31)(Source: USA Today)

The global markets are soaring because of the debt deal. Did things change that much?

What about the European credit problems? What about the stalled US economy? The depressed state of the US consumers and 9.2% unemployment rate?

Oh well...let's enjoy the rally as long as it lasts!

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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