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Debt Deal Fails to Lift Sentiment

The debt-limit bill has passed both chambers of Congress and is now headed for President Obama’s signature.  For now, it seems, the government will continue paying all of its bills.  Financial markets are clearly not impressed, and U.S. equities are poised to extend...

Stocks Marching to Their Own Drumbeat

Stocks ended last week at higher levels than just before the Japanese earthquake and tsunami.  On the surface that might seem ridiculous.  The nuclear situation in Fukushima seems to be stabilized but remains precarious, and a good portion of infrastructure in...

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