This is *not* going the way Debt Ceiling pundits anticipated!
Watch for QE3 talks to resurface - soon.
Dow, on way to 8th straight loss, loses grip on 12,000
Aug. 2, 2011, 3:36 p.m. EDT
U.S. stocks slide as uncertainty mounts
Dow industrials extends declines into an eighth session
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks fell hard Tuesday, prolonging an already lengthy losing streak, with Wall Street on uncertain footing about deficit moves ahead and a likely stall in the recovery.
The just-ended battle over hiking the U.S. debt ceiling means the government avoided default, but also rattled investors, with two of the three benchmark indexes poised for their longest losing stretch since October 2008.
Full story: http://www.marketwatch.com/story/us-stocks-lower-on-economic-growth-concerns-2011-08-02?dist=countdown