S&P futures are down 4-6 handles this morning as earnings season gets set to start in earnest. Fed Chairman Ben Bernanke didn't really say anything unexpected yesterday after the close except that he thinks the debt ceiling should be raised with no strings attached. While he may be right--the failure to raise the debt ceiling would be a catastrophe--we need to stop kicking the can down the road with no conditions or plan to rein in our spending. The action has been slow and digestive since the f...
S&P futures are down 4-6 handles this morning as earnings season gets set to start in earnest. Fed Chairman Ben Bernanke didn't really say anything unexpected yesterday after the close except that he thinks the debt ceiling should be raised with no strings attached. While he may be right--the failure to raise the debt ceiling would be a catastrophe--we need to stop kicking the can down the road with no conditions or plan to rein in our spending. The action has been slow and digestive since the f...
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