… if more think along this line, they would sell on Monday if possible and postpone their buying decision to after Monday …

… now that US leaders not able to work in time to close a deal, the risk of rating agency down grade would become higher …

Even if Congress agrees to replace some cuts, lawmakers will be under pressure to adhere to the lower spending level that kicks in today. House Republicans are uniting to keep the govt operating after  27-03-13, reducing the spending cap to about $974 bil from it current level of $1.043 trillion.

U.S. Stocks Gain for Week as Data Offset Budget, Italy

http://www.bloomberg.com/news/2013-03-01/asian-stocks-post-weekly-advance-on-u-s-economy-boj.html

stocks climbed for 2nd wk, the regional benchmark index posting its biggest weekly advance in two mths, as U.S. economic data bolstered confidence in the global recovery and Japan’s prime minister nominated an advocate of stimulus to head the central bank. Nikkei 225 rose 1.9% this wk, extending gains after capping a 7-mths advance, the longest such streak since 2006.

South Korea’s Kospi Index added 0.4%, while Hong Kong’s Hang Seng Index advanced 0.4%.

Dawning a realization fron many pple's n players that they are not  being aggreesive enough with their exposure to equities, the marco back drop still look better as companies delivering.  There's alot of cash sitting out  of the mkt.

China's Shanghai index advanced by 2% ahead of National People's Congress leadership meeting next week  lead by it chief. Mr Xi Jinping.