Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Wall Street parties as DC finally talks

Can Washington get its act together and avoid a debt default? Wall Street seems to think so after Republican leadership say they will offer a six-week extension to the debt ceiling and lawmakers are called to the White House for a chat. Investors interpreted a simply sign that the two sides are finally willing to talk as a major buy signal, sending the market up over two percent. But some investors say this is just the beginning and remember: what the market gives, the market can take away. S&P Capital IQ's Alec Young sets a timetable. SOUNDBITE: ALEC YOUNG, GLOBAL EQUITY STRATEGIST, S&P CAPITAL IQ (ENGLISH) SAYING: "We need to see follow through on all of this. We need to see the government shutdown incorporated into the recently announced debt ceiling negotiations and all this needs to happen fairly quickly. So I would say if by Monday we are not seeing progress we could expect volatility to return." Quick progress is also what officials gat

© DailyMotion -

Comment on this article!
To post a comment, we encourage you to become a member of® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of®. Before submitting your message , you must read the Terms and conditions of® and agree to them by checking the box below.
Your name:
  I have read and agree to the Terms and conditions of®.
Follow us on ...
Facebook Twitter