Sinbob,

My guess 3 weeks ago was that stock markets would fall because the Federal Government is now selling its employee retirement funds in order to fund the government. I do not know how much of the funds are in stocks but it is probably 10's if not 100's of billion dollars of selling. This is too much selling for the over priced DOW and S&P to handle.

We should get a huge move up once the debt limit is raised and all those stocks are repurchased.

If the debt is raised at the last minute on August 2, look for the low in late July when the big banks move in ahead of the buying. The day after the limit is raised, the debt will go up $400 billion.