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With DC in budget purgatory, try this recipe

Furloughed federal workers chant and shout as House Majority Leader Eric Cantor, R-Va., and fellow House Republicans hold a news conference on the West Front of the U.S. Capitol on Oct. 2, 2013.
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Editor's Note: Combining his passions for the markets, humor and food, "What's cookin' with Kenny Polcari" is a blog published twice weekly on With more than 30 years of experience on Wall Street, Polcari provides insight and analysis on the markets as well as a recipe du jour. Buon Appetito!

"Don't cry for me, Argentina" is exactly what investors are singing right now. All of this talk of default, technical or otherwise, only highlights the dysfunction in D.C. It really gives a guy a headache! We're all stuck watching this circus and it's like purgatory ... by the way, I have a recipe for Uovas in Purgatorio (eggs in purgatory) that's delizioso, but more on that later.

Anyway, all this drama does nothing to rattle investor confidence in the capital markets. It only creates opportunity for those willing to jump in. As the situation develops, the markets will reprice (maybe lower at first to account for the additional risk) and then move on. Investors know that.

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