While the Dow ends up 61, the S&P 500 and Nasdaq end lower. Stocks get a lift from possible ECB help for Spain and Italy. But investors are clearly worried about the US economy and Europe. Oil rises; gold slips.
Their dividends are outdoing Treasurys, and their businesses remain stable.
The sluggish economy has investors buying Treasurys and yield-paying stocks.
One newsletter says that if you have $100,000 to invest, then Exxon is a better choice than the 10-year Treasury.
| Tags: | Kim Petersontreasurys |
Even if a deal comes through before Tuesday, it's unlikely that the government can cooperate well enough to prevent a downgrade.
The retailer's commercial paper has a lower short-term yield than some T-bills.
| Tags: | Kim Petersontreasurys |
Even if Congress reaches a budget deal, S&P might still cut the nation's credit rating. Suggestion: Increase your positions in cash and precious metals.
Even state governments are preparing in response to the budget drama.
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