Live Breaking News & Updates on Sequestration Kicks In On March 1st

Lot of them, increasing number of them, that they think succession will happen and still positive on stocks. i m scratching my head because particularly if you look at the defense stocks and consumer stocks, you think that there is going to be a crunch. when you get austerity, there are the repercussions that come with that. it surprises me to see the stock market looking at this and saying, whatever. steve, do you think that part of this is wall street just assumes washington will figure it out, that there is even if sequestration kicks in on march 1st, that they re smart enough to realize, oh, that s right, the government runs out of funding at the end of march, they re probably going to work out a deal. right. so if you bet armageddon, last two times, you essentially lost money. but at the end of the day, if you had your money on the short side of the market or weren t in the market, you lost money because as you said, washington ....

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