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Intel and IBM Weight on the Dow

Matt Thalman
October 8, 2013

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

Simply by looking at the major U.S. stock indexes today -- just before 1 p.m. EDT, the Dow Jones Industrial Average (INDEX: ^DJI) is down 88 points, or 0.59%, the S&P 500 is off by 0.84%, and the NASDAQ is down 1.66% -- it's clear investors don't have a ton of confidence in Congress' ability to reach a compromise and end the gridlock that threatens to make the U.S. government default on its debt. However, the problems we're seeing now will likely give patient and long-term-oriented investors some wonderful buying opportunities, as the receding tide is lowering all boats. My Foolish colleague Dan Caplinger noted a few stocks investors should be watching if the situation continues to get worse.

But just because a stock is falling doesn't always mean it's a bargain or will h