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Disastrous performance by the dow today is provoked by european euro zone countries and the sovereign debt crisis that is now lapping up to the shores of america. you re exactly right. i don t believe this is a result of our debt ceiling battle at all. this is hitting italy. we know the greece, ireland, portugal situation and maybe spain. that imperils all the banks of europe. and it could jump the atlantic. but this fear the drop in the dow, martin, because it s a lead indicator, does tell you something about where the economy will be six or eight months from now. and the fear being induced by this and the pullback of people with money who are going to say, holy smoke, let s try to save what we ve got, i think is going to have a constrictive effect on the economy. it can t be good news for the president or for america. thank you both for joining us. more on themake breaking ....