Monday, April 18, 2011

Sell Sell Sell

The market sunk low this morning and has yet to recover.  The S&P cut their long term outlook and the market, wiser than the Congress it seems, has decided that the deficit IS a problem.  The budget deal did not allay their fears as a morning sell off underscored the reality that doing nothing may play to a political base but not to the real state of crisis that exists in our financial market.