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06:35 PM

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Message Subject US stock futures waaaaaay down DOOM ON
Poster Handle Kenji
Post Content
Guys... the stock price "crashing" is because the government can't come to an agreement on the fiscal cliff deal.

dropping 1-2% is not a "crash"

A crash would be something significant and unusual.

Once the market drops 3%+, let's talk.

That said, the market has been a little too optimistic about a fiscal cliff deal in the last 2 weeks, now that the end of the year is close and government still doesn't seem to be close to a deal, market may take a significant hit by the end of the year.
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