AI
Sunday, July 24, 2011 1:11:40 PM
The news on Friday afternoon that there was no deal to raise the debt ceiling is likely to be received very negatively by market participants at the opening on Monday. After turning higher last Tuesday on growing optimism a deal was near the news that came after the markets were closed on Friday should reverse all of last week's gains and then some unless the politicians are able to pull a rabbit out of the hat before the markets open on Monday. While we have a strategy update and several trading ideas, they are all conditional on the equity market finding some stability after the expected sell off on Monday if there is no deal.
http://www.ivolatility.com/roller/page/trader?entry=volume_11_issue_30_br
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