DC wants Dow to drop 1,000: Bove

Dick Bove
Jin Lee | Bloomberg | Getty Images

Financial analyst Dick Bove thinks gridlocked politicians are asking for a market sell-off.

"What do they think will convince the American public that they as our leaders must act? It is becoming very clear that what they want is panic in the equity markets. They want to see the Dow drop 1,000 points," Bove wrote in a note to Rafferty Capital Markets clients Monday.

"An event of this nature would be blasted around the world by the media and it would constitute a threat that all Americans could understand. Once the public's attention was obtained and focused, Congress and the President would act to resolve the current issues."

(Read more: Don't fret over Wells Fargo mortgage drop: Bove)