Stocks Resume Ramp As Old News That Republicans Are Heading To White House, Is Again Regurgitated Late
In a second iteration of news not being read hours ago and suddenly surprising the algos in charge of stock market momentum, minutes ago headlines blasted reports that Boehner would go to a White House meeting. This is precisely what Politico, again, said would happen at 7 am this morning but since apparently nobody bothered to read it, and since it is suddenly news again, everyone is grasping on this "revelation" as if it is a new development. It isn't.
In fact, as Bloomberg adds, the GOP would send a small group of representatives to the White House. It adds: "a meeting is only worthwhile if it is focused on finding a solution,” so House Republicans sending small group of negotiators after entire Republican conference was invited to White House, Brendan Buck, spokesman for House Speaker John Boehner, says in e-mail. BBG adds that Boehner would obviously attend the meeting - what else: he is demanding a negotiation, Obama is giving it to him, will anything come out of it - that is the question, along with elected leadership, and certain committee chairmen. The timing of the meeting is to be announced by White House. Still, since stocks found nothing to be excited by in the FOMC Minutes, they are now grasping on to this particular set of straws, hoping that the GOP will fold ahead of the deadline, and give Obama all he wants. Good luck.
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