Don’t Call It A Comeback!

The equities markets decided to bounce back solidly today. It seems a large amount of money was rebalanced into more established companies, such as those you would find in the Dow 30 Index. However, after the earlier advances for such stocks, the Nasdaq quickly became the big winner for today. As of an hour before the close, the Nasdaq clocked in a gain of over 2.50%. And this is particular significant since we still have over two weeks until Facebook CEO Mark Zuckerberg is scheduled to testify before Congress. What all of this suggests is that the markets feel confident that they have factored in the likelihood and nature of future legislative actions. However, the jury is still out on what will occur, so here’s what to expect.