Wall Street, it appears, hates the debt deal.
Leading up to the debt-ceiling deadline, everyone was talking about how the stock market would crater if Washington didn't reach a deal. In fact, the opposite has happened. Just when it became clear last week that Washington was moving closer to a deal is exactly when Wall Street started to stumble. And now that we have a deal, the falls have been getting worse. Thursday was particularly bad. The Dow Jones industrial average plunged more than 500 point. Overall, the market has fallen 9 out of the last 10 trading days, one of the worst stretches of down days in recent years.
