I agree. "Circle the wagons, the indians are a comming." The S&P wanted 4 trillion in cuts over 10 years and got a bit over 2 trillion, most of the cuts not going into effect until 2017 and it isn't as if the government wasn't warned.
I don't wish to be a pessimist, but I believe the market will take a hit with some lasting effects. This is going to be a significant event. mo.. nic