Market Watch with Tom Waitt

July_27th_2011.mp3 Wall of Worry - Part 14    Fear and bearish forecasts still surround equity markets despite the fact the Dow Jones industrials has doubled from the lows set in 2009, and is currently up 8.4% so far in 2011. U.S. Debt Ceiling (Click For Larger Picture) The latest wall of worry concern is the U.S. debt ceiling which adds to recent distraught worries of unemployment, European unity, Mid East unrest and revolution, Oil supplies, housing crisis, mortgage foreclosures, bank failures, too big to fail bailouts, Japanese earthquakes and tsunamis, nuclear meltdowns, Chinese accounting, Russian corruption and now political wrangling as Democrats and Republicans prepare for Presidential elections in 2012. The debt ceiling is the legal limit on the amount of money the US government can borrow to pay its bills, which includes the salaries of federal employees, federal programs such as Social Security and Medicare and principal and interest payments to bondholders. The current l