The deal reached by Congress to raise the debt ceiling and cut more than $2 trillion in public spending should have only a minor impact on the economy for the next two years. Almost all the cuts would be made in 2014 or beyond. The approach heeds a warning by Federal Reserve Chairman Ben Bernanke and many private economists: Cutting too much too soon could harm the weak economic recovery. Yet the deal won't do much to help the economy, either, at least in the short term.
Yesterday, FBM KLCI bound up 9 point after the debt ceiling problem come to an end, base on the action take by US I think more printed money may likely to flow out from US into Asia share market and in short term, foreign investor will increase they investment in Malaysia share market waiting the GE13 to announced before sale they share.
Basically FBM KLCI is well supported by foreign investor so in short term share market is bullish