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Markets Looking For Confidence As Debt Debate Continues

Posted: Friday, July 29th, 2011 at 6:27 am
Author: KNIA/KRLS News- Shaylon Cochran

The August 2nd deadline to extend the nation’s debt limit is coming up fast, and attention has turned to how the markets are reacting to this budgetary impasse. KNIA/KRLS News spoke with Pat Moriarity with Marion County Bank who says what people are looking for is confidence. He says these issues should be looked at in a historical context, noting markets have always bounced back. His advice to investors or potential investors is to think long-term and refrain from making hasty decisions with your money.