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Reply to "Sequester hits the Dow"
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[quote=Anonymous][quote=Anonymous]Market is shrugging at sequester. Sequester really isn't that big a deal from a macroeconomic standpoint. It will be painful in some quarters, but not overall. It's like $44 billion in outlays over the rest of the fiscal year, in a $3.7 trillion economy. It's not even a cut in absolute terms, just a reduction in growth. PP is also right -- quant trading dominates all. [/quote] The market will respond as the effects of the sequester take hold across the next few months. Nothing was going fall apart on Friday. The sequester will be slow and painful and will trickle down to many sectors - by summer time, we'll see the impact in the markets pretty clearly. [/quote]
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