The Market Needs to Scare Congress Straight

The Market Needs to Scare Congress Straight

As I write, the S&P is indicating a down-1% open as the shenanigans from Washington have ceased to be cute. I've written about why the markets have been able to shrug the fiscal fight off so far - owing mainly to a sentiment shift after a near limitless rewards program for dip-buyers.

This morning, there are signs that the equity optimism may have reached its limit. If so, I would say that this is a good thing. Every once in awhile, the business community - as manifested by the Dow Jones Industrial Average's daily closing price - needs to remind Washington who the boss is. A sudden 3-5% correction for stock prices would almost certainly send a message strong enough for even the

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