Strategists anticipate brief Wall Street rally after budget deal

01/2/2013 | MarketWatch

The fleeting rally on Wall Street likely to follow the budget deal in Congress that headed off the "fiscal cliff" will be measured in hours, rather than days or weeks, market strategists said. "No doubt the market will use early month, New Year and the fact we avoided 'an even worse' event to take the market higher, but I doubt it will last more than 24/48 hours," said Steen Jakobsen, Saxo Bank's chief economist.

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