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Markets Having Crisis of Confidence

Political wrangling, debt woes and economic uncertainty have sapped confidence from the market, says Janus' Gibson Smith.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. Congress seems to have diverted a default on the national debt, but issues surrounding the fiscal situation are going to continue to affect investors. I am pleased to be joined today by Gibson Smith. He is the co-chief investment officer of fixed income at Janus Capital Management.

Gibson, thanks for joining for me.