If the bill included laying off 40% of ALL gov workers, and
training them to build and then work in factories, then I would
become very bullish fundamentally.
In reality I think what they will achieve will be
meaningless.
Posted by marketguy on 1st of Aug 2011 at 11:39 pm
boy, wouldn't that be nice......
and you're exactly right, what they achieved is beyond
meaningless...I mean think about it, instead of the real deficit
(that is the balance) going up by and "additional" $10 trillion it
will now "only" go up by another $7.6 trillion (and they are
falling all over themselves in how they rescued all of us)....what
a joke....
I think it is a complete non event. Absolutely nothing is
changed, spend more borrow more. The market as a whole will see
through the political B.S. in short order. Then we will be on to
the next media driven doomsday event as this country gets closer to
a real financial disaster.
Not worth a darn thing but, I think we should get Matt's
corrective bounce here. But...since I'm more cautious about
these things - I'll probably just wait and short the bounce on the
other side in a few days.
As for the bill. It looks like a crap deal to me and I
think a lot of traders will see it that way no matter if it is
passed this evening or not.
What is everyone's take on the bill passing this evening (7pm), I am holding ES futures long?
Posted by gram on 1st of Aug 2011 at 03:14 pm
If the bill included laying
Posted by steveo on 1st of Aug 2011 at 11:33 pm
If the bill included laying off 40% of ALL gov workers, and training them to build and then work in factories, then I would become very bullish fundamentally.
In reality I think what they will achieve will be meaningless.
boy, wouldn't that be nice...... and
Posted by marketguy on 1st of Aug 2011 at 11:39 pm
boy, wouldn't that be nice......
and you're exactly right, what they achieved is beyond meaningless...I mean think about it, instead of the real deficit (that is the balance) going up by and "additional" $10 trillion it will now "only" go up by another $7.6 trillion (and they are falling all over themselves in how they rescued all of us)....what a joke....
I think it is a
Posted by randy on 1st of Aug 2011 at 03:40 pm
I think it is a complete non event. Absolutely nothing is changed, spend more borrow more. The market as a whole will see through the political B.S. in short order. Then we will be on to the next media driven doomsday event as this country gets closer to a real financial disaster.
Not worth a darn thing
Posted by johnc on 1st of Aug 2011 at 03:19 pm
Not worth a darn thing but, I think we should get Matt's corrective bounce here. But...since I'm more cautious about these things - I'll probably just wait and short the bounce on the other side in a few days.
As for the bill. It looks like a crap deal to me and I think a lot of traders will see it that way no matter if it is passed this evening or not.
johnc, i agree with you, but the uncertainity will decrease at least, short term that should help, but if it fails again to pass the house, look out below, stops might not help much with ES futures, i
Posted by gram on 1st of Aug 2011 at 03:22 pm