Quote:
Originally Posted by BuckyThreadkiller
How exactly?
They are the only ones in DC talking about fixing the core problem.
I've said it before - you're blaming the brakes because the car goes too fast?
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The markets only respond to confidence and *euphoria* (and to credit ratings) ... it wouldn't matter if you slashed entitlements by $4 Trillion or raised taxes by $4 Trillion ... if you cause uncertainty for weeks on end this is the effect ...
See Stock Markets
The behavior of the stock market
Irrational behavior ~ Sometimes the market seems to react irrationally to economic or financial news, even if that news is likely to have no real effect on the fundamental value of securities itself.
But this may be more apparent than real, since often such news has been anticipated, and a counterreaction may occur if the news is better (or worse) than expected.
Therefore, the stock market may be swayed in either direction by press releases, rumors, euphoria and mass panic; but generally only briefly, as more experienced investors (especially the hedge funds) quickly rally to take advantage of even the slightest, momentary hysteria.
http://en.wikipedia.org/wiki/Stock_market