Jan 15, 2013
The market is up 6. SFE Futures were up 1 this morning.
Dow Jones closed up 19. The Dow was up 13 at best and down 47 at worst ahead of a week of company earnings and Ben Bernanke’s speech set to take place after Wall St closes today. Obama last night warned of a new economic crisis unless Republicans in Congress agree to raise the debt ceiling. “To even entertain the idea of this happening, of the United States of America not paying its bills, it is irresponsible, it is absurd,” Obama said. “Markets could go haywire, interest rates would spike for anybody who borrows money. It would be a self-inflicted wound on the economy.”