A contingent of Republicans headed to Pennsylvania Avenue for a meeting with the President. They left without speaking to the press. They avoided ANY conversation. They headed back to Capitol Hill in absolute silence.
Word is that Obama said, "No negotiation unless they reopen the government." Hmm...
Markets celebrated a potential break in the impasse today. Those green numbers could disappear with this latest development. Stock futures are pointing to a rough day tomorrow. Rumors are circulating of a sell-off in the bond market. When all confidence is lost in Treasury bonds, what else is there?
All I know to do is light a few candles, pray for world peace, and hope good sense returns to all parties. This latest development will be the break in the dam that either brings us blessed relief or drowns us all.
Systematic risk is not for faint-hearted.
Independent, Fee-Only Financial Advisor
