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Morning six-pack: What we're reading Wednesday

Protesters walk into the office of Florida State Rep. Manny Diaz as they protest his stance against the expansion of healthcare coverage on September 20, 2013 in Miami, Florida.
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Protesters walk into the office of Florida State Rep. Manny Diaz as they protest his stance against the expansion of healthcare coverage on September 20, 2013 in Miami, Florida.

Happy Wednesday. Welcome, welcome to the machine.

Be afraid, be very ... well, just be afraid, but not terrified, of a default, according to Pimco's Bill Gross. (ValueWalk)

The word/meme of the day for the debut of the Obamacare exchanges appears to be "glitchy." That's kind of like "twitchy" or "pitchy" but applied in this case to government boondoggles. (Daily Beast)

We here at the Six-Pack are long the Vatican Bank and recommend that any shorts out there recite a solemn Act of Contrition. (Huffington Post)

Speaking of chosen ones: Some investors want Bill Gates—Bill Freaking Gates!!!—out at Microsoft. (Reuters)

Jamie Dimon and JPMorgan Chase get a holiday: The Pinata of the Week for regulators looks like it's going to be Wells Fargo. (DealBook)

And, finally...There's a 143-year-old law that drops the hammer on anyone who screws up while the government is shut down, and it's scaring the bejesus out of people. CNBC's Steve Liesman explains.

—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom .

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.