Here’s the Dow over the past year:
What I want to know: Is the recent surge above 14000 due to the prospect that the cuts to the social insurance programs was a fait accompli? Or is it just because the financiers have free and unfettered access to the treasury in the form of trillions of dollars of our money?
What would happen if the sequester continues for a period of time but the social insurance cuts, specifically to Social Security, are off the table? Will The Market sink like a stone? I want to know who is really in charge here.
So, let the sequester happen and let’s not rush to negotiate an end to it.
Let’s see what happens.