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“Relax, and just sit out the crisis,” says Fred Dickson, chief investment strategist at D.A. Davidson, a Montana-based brokerage and money management firm.

He calls it a one-in-a-100 chance that the government will not raise the debt ceiling, but if that “one” did occur, a 1% chance, then not to worry. He predicts a short disruption and perhaps a 2-3% drop in the stock market, which is an opportune time to buy. [pullquote]Relax, and just sit out the crisis[/pullquote]

Backing his prediction are: a rising market, good earnings reports and improved business investment, and an improving housing market.*

Hope he’s “right on” and we’ll know by the time this is posted.

*OnWallStreet, July 20 by Dave Lindoff