From Christmas Blahs To New Year's Ease

While Congress and the White House play their political games over the budget, they seem oblivious to the dangers of testing the patience of the financial markets. With so much anticipation for deficit reduction already priced into the markets, Wall Street had better get some good news from Washington fast, or another 102-point tumble in stock prices and a sharp sell-off in bonds like those of Dec. 18 could be in the making.

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