Posted on 09/24/2013 5:51:01 PM PDT by Nachum
While stocks have slipped for four consecutive days as investors turn their attention to Washington and the looming debt limit, the S&P 500 and Dow are just 2% from the all-time highs reached last week.
In addition to the muted market action, a key metric for measuring market fear and volatility, the VIX (VIX), is indicating calm markets. While CNNMoney's Fear & Greed Index has ticked just slightly into "Fear" mode, from neutral earlier in the week.
"I think if you look at the calm out there, it's a bit greater than it should be," Lew said at the Bloomberg Markets 50 Summit in New York Tuesday. He said investors may be traumatized from the last debt ceiling debacle. "The sense is that 2011 was a terrible experience and nobody would do that again."
Related: The never-ending charade of debt ceiling fights
In August 2011, the debt ceiling showdown and Washington's failure to develop a "credible" plan to tackle the nation's long-term debt problems led Standard & Poor's to downgrade the United States' credit rating. U.S. stocks tumbled that month, with the S&P
(Excerpt) Read more at money.cnn.com ...
The list, Ping
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Don’t worry... the Fed is purchasing stocks to prop up the market!
http://www.fms.treas.gov/dts/index.html
see Sept 23, 2013 Table III-C
and
August 7, 2013 (same table)
We’ve been at the debt limit since. Why raise it now? Just keep the Fed.gov only spending what it takes in?
Ben-yank-er’s NSA market manipulation program is getting retooled.
--but not succeeding; this morning's stock futures are flat/upbeat. Must not have gotten the new memo...
The markets are pricing in default and loss of reserve currency status immediately thereafter. Bonds and cash are significantly devalued in this scenarios while precious metals are at risk of restriction or seizure. What’s left?
Is it possible that the major players have already moved into a new reserve currency in anticipation of the inevitable at this point?
So let’s rile everyone up and create chaos?
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