Something similar could be on tap this time around.
Stocks aren't oversold anymore. They're closer to being overbought. Investors have been anticipating a debt ceiling deal to come out of Washington. And they were buying stocks in anticipation of the deal getting signed.
But if things play out like they did in 2011, traders should get ready to sell on this news instead.
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: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.