Surprising considering how deeply in debt the landscape is.
With Moody's rating continuity mixed with the fear that the recession is not lifting all that easily or soon enough, one might suspect that the day could be a flat one a best. Housing data for May is coming out and this could be the trigger that pushes the market one way or the other. Hopefully it does not dive like yesterday, and right now that does not seem to be the case at least at the open.
Reuters: Stock futures point up as Moody's says U.S. rating safe
Moody's said the United States' Aaa credit rating was safe...
The Federal Open Market Committee begins a two-day meeting on interest-rate policy...
...the National Association of Realtors will release existing home sales for May...
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