I thought the market was the whole undercurrent driving the past month of "deficit ceiling" nonsensical debates. Wall Street was in Washington as much as Congress was. The warnings were there, but nobody talked about them (except some progressive Senators and Congressmen). Congress decided to cut spending. Boom, next day gloom and doom written about in the press. The market has been positioning itself the whole time, they knew.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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