Top 3 Reasons Today’s Markets Were Flat
Markets closed flat on Wall Street: DJI -0.02% SP500 +0.05% Nasdaq +0.14% Gold -0.69%
The markets were flat because:
- Obama’s tax deal was threatened. At the start of the day markets rallied on the extension of the Bush Tax Cuts, but afternoon threats by Democrats spooked markets. Don’t Miss: Ben Bernanke on 60 Minutes: Open-Ended QE2, Unemployment, Tax Loopholes, and More [VIDEO] >>
- The US Treasury booked a $12 billion profit on our TARP deal with Citigroup (NYSE:C). Finally, Uncle Sam is actually making some cash money. Don’t Look Now, But WE Just Banked $12 Billion in Profits on Citigroup >>
- Oil (NYSE:USO) topped $90 a barrel. As winter strikes, the oil gods revel in demand.