Wall St. pierces sequester gloom

by
March 6, 2013

Wall Street
The stock market burst through predictions of sequester doom Tuesday as the Dow Jones industrial average closed at a record high of 14,253.77.

The Dow reached its highest level since 2007 and sent the clear signal to Washington that investors are unconcerned about the $85 billion in automatic spending cuts triggered on March 1.

“Sequestration is a distraction. It has no impact other than on the microphones in Washington,” said Axel Merk, president and chief investment officer at Merk Investments.

The lack of anything resembling a panic on Wall Street could complicate efforts by Democrats and the White House to blame Republicans for effects of the sequester.

In the weeks leading up to the cuts, the White House launched an aggressive campaign that warned of severe consequences for the economy and military if the sequester went forward.

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.