John Boehner said Tuesday the Republicans got “90 percent of what we wanted” from the budget deal. So presumably he and his colleagues are willing to take responsibility for some 450 points of Thursday’s mammoth 513-point drop in the Dow Jones Industrial Average.
I’m being a bit facetious — but only a bit. It’s always dangerous to read too much into one day’s move in the stock market.
Yet the stock sell-off — not just today’s, but that of the last days — cannot be easily dismissed. It marks Wall Street’s largest losing streak since 2008.