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Why isn't Wall Street freaking out over sequestration?




Traders work on the floor of the New York Stock Exchange on September 6, 2012 in New York City.
Traders work on the floor of the New York Stock Exchange on September 6, 2012 in New York City.
Spencer Platt/Getty Images

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Congress probably won't stop the sequestration cuts before tomorrow's deadline. Despite this, the stock market is reaching record highs.  Sure, there was a dip at the beginning of the week - likely a little reaction to the Italian election. But what about the fuss over across-the-board spending cuts?  The

Here with some thoughts on the relationship between what's happening on Wall Street and what's not happening in Washington is Barry Ritholtz.  He's an investment advisor and columnist for the Washington Post.