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Previously on "Predictions for the markets today?"
US will agree new deal by tomorrow or I will eat my shorts
Congress will not meet again until Thursday - after a break for the Jewish New Year - with another vote unlikely before the weekend, the BBC's Jonathan Beale in Washington says.
Over the last couple of weeks shoved some money into Gold mining, looking good. Tech stuff also holding up well. The rest of the portfolio well down though. I think a good buying opportunity, but might wait for the "bail out".
While there is rumour and intent for bail outs by Governments the markets will hold or fall.
Once the businesses realise they will have to dig themselves out of their own mess they will start planning recovery strategies. Then it's boom time.
I like the look of tech, the P/Es are good and tech companies have a certain buffer against commodity fluctuations. Shorting ban (USA) expires Thursday FYI.
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