GS: take 10% off spx

oldpigwang

Fox business news 11/21  8:45Am :   GS said  this debt communite failure will take 10% off spx.

Debt committee: On the verge of failure
By Jeanne Sahadi | CNNMoney.com – 3 hours agoShare0EmailPrintIt looks like Congress is about to forfeit yet another opportunity to address the country's long-term fiscal problems before they get out of hand.

As early as Monday, the congressional debt committee -- absent a miracle -- is likely to issue an admission of failure.

If the bipartisan committee can somehow reach a deal, any debt reduction that committee members can agree to would likely fall short of the $1.2 trillion required to stave off an automatic "sequester" of spending cuts across many parts of the federal budget starting in 2013.
http://beta.finance.yahoo.com/ne ... lure-103300445.html

oldpigwang

CNBC: People are caution going into holiday.