My prediction was the Dow up 400 points and gold down $100. Futures are up almost 200 points and gold is down $18 so far. Let’s all rejoice. Obama and the noble Congress critters have saved America at the last possible moment. I think I may have predicted this very scenario two weeks ago. We’ll be getting $2.4 trillion theoretical cuts with a whole $20 billion, or 1% of the total, in 2012. I just know this commission is going to work. Now go back to not having a job and paying more for food and energy. Congress needs their vacation time.
U.S. stock futures extend gains after debt deal
By Sarah Turner
SYDNEY (MarketWatch) — U.S. stock futures extended early gains in Asian trading hours on Monday after U.S. President Barack Obama announced a deal on raising the country’s debt ceiling. Dow Jones Industrial Average futures /quotes/zigman/1785993 DJ1U +0.70% rose 173 points to 12,261, S&P 500 futures climbed 17.70 points to 1,306.30, while Nasdaq 100 futures /quotes/zigman/876546 ND1U +1.39% rose 28.75 points to 2,388.00. At the same time, gold futures extended losses, trading down $18 at $1,613.20 an ounce, while oil futures climbed $1.24 to $96.95 a barrel. The dollar index /quotes/zigman/1652083 DXY +0.17% traded at 73.927, from 73.846 in late trading Friday.
