Down Jones Ind down 160 points (4:15) 14,776

[grantcart]

http://finance.yahoo.com/q?s=^dji

Boehner schedules news conference at close of market.

The stock market has lost about 1,000 points since mid September.

If he digs in his heels expect another significant hit tomorrow.

As poll numbers are coming back universally negative on their strategy they may go ahead with a clean CR, my prediction was that they would give up at 14,199.

[Ilsa]

1. While market manipulation may not be the

primary reason for the pigheaded move to halt govt, I have no doubt that congresscritters are taking advantage of the fluctuations. My guess is that they shorted stocks a few weeks ago.

[DURHAM D]

2. My concern is that the teabaggers don't see a correlation.

otoh - Corn and Soybean prices are dropping. Maybe that will get their attention.

[grantcart]

3. I think it is needed to give Boehner and moderates cover to move the bill

No one expects that the teabaggers will ever 'get it'.

[Iwasthere]

4. my prediction was 14000

They won't make enough $$$ unless it gets that low or lower imo

[grantcart]

7. you may be right

[johnd83]

5. I think the markets expected Pres. Obama to cave

Maybe they are beginning to realize he won't.

[yodermon]

6. open a long position in VXX (volatility index)

nice hedge for this BS. It's up 4.6% today