looks like the outlook is MUCH better now that we have a clear path....
I guess wall st was happier with a pending default instead of the crap that was passed!
NEW YORK (AP) -- A sell-off is erasing all of the year's gains in the stock market.
The Standard & Poor's 500 lost 2.6 percent Tuesday as investors grew increasingly concerned about the economy. The benchmark index is now at its lowest point of the year.
A report that consumers cut their spending in June for the first time in two years added to a series of weak economic indicators have pushed stocks lower for seven straight days.
(Spence - this is market volatility! Not the gradual decline we seen over the last few weeks!)The S&P is closing down 33 points to 1,254. The Dow Jones industrial average is down 266, or 2.2 percent, to 11,867. The Nasdaq is down 75, or 2.8 percent, to 2,669.
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