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Re: The stock market is not impressed with the debt deal.


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Posted by Mark - IN. on August 02, 2011 at 15:27:34 from (24.15.144.86):

In Reply to: The stock market is not impressed with the debt deal. posted by x22 on August 02, 2011 at 11:36:15:

Its funny in a sad way. For the past couple or few weeks, the "experts" and "professional" politicians have been warning that the deal had better get done or else, and thats why they said that the stock market has been dropping. Well, today it dropped the better part of 300 points after the debt ceiling got raised and Moody's said they would not lower our "AAA" deficit spending habit status. The "experts" and "professional" politicians got there way at the expense of our wallets, and the reason the stock market dropped after such success according to the "experts"? Lack of consumer confidense. Yep, that's what they're saying. The reason that is was falling until today, was no deal to allow more deficit spending, but after getting the deficit spending deal they wanted and said we need, well, now today the reason for a declining stock market is lack of consumer confidense. Not yesterday or any days before, but starting...today. I can hardly wait to hear how the "experts" and "professional" politicians are shocked for the gazillionth time that their predictions failed as badly as their policies, expertise, and professionalism.

Mark


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