@21:05, 07/14/11


CR reports a possible deal on debt limit.
http://www.calculatedriskblog.com/2011/07/debt-ceiling-charade-s-places-us-on.html


"SC: Right. And remember the general idea on Wall Street right now is that there will be a deal because there’s always a deal. But Wall Street works off of expectations. So if the market realizes they got this wrong, the reaction could be larger than expected."

As long as the market expects a deal there will be no deal.