I had shorts on every day and I would marvel at the lack of discipline other shorts had before the closing bell and, believe me, many of those buyers were closing out shorts. The longs tend not to be that injudicious.
Read: Navigating Obamacare We need some concrete sign that someone outside the beltway cares. Hasn't happened yet. So, sure, maybe tomorrow the secret talks come out of the closet. Maybe tomorrow the Democrats and Republicans agree that for the good of the country they will set aside their differences and compromise. But frankly, right now, doesn't that totally commonsensical bit of hope seem entirely fanciful? Well, not to the buyers. And they were the only ones who mattered going into the bell.