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Reply to "Sequester hits the Dow"
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[quote=Anonymous][quote=takoma]On the Day of Sequestration, the Dow closed at 14,090, the highest it has closed since 2007, and only about half a percent short of the all-time record high closing. Does that mean investors think sequestration is a good thing? Or will the news hit on Monday?[/quote] I think its an indication that the 1% are pretty confident that they aren't about to lose access to their "play with it money" through the closing of tax loop holes. Unless their compny is contracting with defense they don't give a shit about spending cuts. These people all have a "boutique medicine" membership so cuts in medicaire don't register as "real" to them. They really only care about themselves. What's the saying " I did/said nothing until they came for me...."[/quote]
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