Dow Drops 265 Points After "Successful" Deal

Folks... I don't spend a lot of time fixated on the markets for the simple reason that the markets are rigged.

Computer trading... the politicization of targeted short term investment... speculation...

(*SHRUG*)

Understand, folks - Wall Street is more about gambling than investment.

It didn't have to be this way and it's not one party's fault but rather the fault of the tax code which pushes investors towards short term vs. long term (and dividend focused) investment - if one can even use the term "investment" anymore in the sense of building great companies the value of which is their ability to make real profits in the real world rather than simply provide a "better's spot" upon which to wager a few chips.

Anyway... big picture aside, let's look at today's small picture.

The House, the Senate, and the President did exactly what Dempublican and Republicrat leaderships and the media - including the greater part of the "conservative" media - had been saying all along they "needed" to do to... er... avoid a financial catastrophe.

So... why'd the market go down 265 points...?

Folks... I gotta tell ya... although what happened today on Wall Street is exactly what should have occurred what's this phony deal was signed... (*PAUSE*)... I would have bet that the "movers and shakers" could have created the absolute opposite reaction - markets shooting through the roof!

We're in trouble, folks. Even if the market rebounds tomorrow... even if it climbs to new heights over the next few months... that's just gamesmanship at the highest levels.

(*SHRUG*)

Those of you who read my posts... who read my newsbites... who do your own first-person research... you know what's true and what's not.

What Obama, Reid, Pelosi, Boehner, and McConnell "achieved" today was nothing more and nothing less than the setting the United States up for the biggest economic fall we've suffered since the Great Depression... perhaps the biggest financial crisis ever.