Today indeed after the debt ceiling issue and shutdown plan coming out, the market surge 180 points in the DOW and 20 points in the S&P500. We did always say that these problems are over earlier than you might expect as we think bottom of Dow is reached at 14700 a few days back.
The biggest problem we think will be the QE tapering that is going to come next year. That to what we think, is a BIGGER issue as it will meant that the easy money that goes into the stock market is gone.
But for now, we do think that this last quarter is going to be a good quarter as the QE issue is put forward to next year after Yellen takes her role as the new FED chairman, (or chairwoman) ha :).
By the way, we are optimistic of this last quarter and we do look forward of the Christmas rally this end of year again. But for now, it is time to look forward to the earnings season and do our homework in locating the good earnings stocks!