Posted on 12/30/2012 7:21:14 PM PST by MeneMeneTekelUpharsin
Stock futures are up. Someone in Congress knows a deal is going to take place. Information already leaked to big players. Futures were down -207 on Dow earlier today and are now up +23. Insider trading taking place. These guys are really slick.
(Excerpt) Read more at money.cnn.com ...
Who wants to bet that every damn one of them are trading strategically on THEIR news.
Friggin traitors. Oughta be hung!
I’d like to know what stocks the congressmen are buying.
The way I see it, if there is failure to make a deal, Obama gets big tax hikes. Obama gets big cuts in Defense. The economy will suffer. The Republicans will get the blame.
Any proposed deal would have to be stupendously damaging for this country for Obama to have any interest in it at all.
Yes, while the Democrats are on the way to another downgrade, investors are seeking other options. Not entirely unexpected.
Or the Fed just created a bunch more money.
Yes, me too. Something is obviously going on. Stock futures (Dow) up +38 now. Someone knows something. They wouldn't reverse like that unless someone had significant info.
I’m with you in your assessment, but I want to mark this just to see how it pans out.
That isn't true. Was a stale quote from last week.
Even if a deal occurs and the market pops, good chance this would be the exact top.
Pardon me. The futures were down -226 earlier in the day. Then they were down -207. Now up +38. How are the futures stale quotes when a change occurred intraday? Why would YOU like about it? Interesting.
Pardon me. The futures were down -226 earlier in the day. Then they were down -207. Now up +38. How are the futures stale quotes when a change occurred intraday? Why would YOU lie about it? Interesting.
Nah, I’d say more light profit taking. That’s not buy action.
Well of COURSE there is going to be a deal. Was there ever ANY doubt the GOP would stab us in the back yet again?
Let me just say: If you know it’s corrupt, why are you surprised when it’s corrupt? (rhetorical Q)
It is generally wrong to bet that TPTB will not do anything and everything they can to remain TPTB. And since there is no enforcement, it generally doesn’t matter.
And by the way, I am in no way disagreeing with you.
I would think the markets would prefer no deal, since any “deal” is bound to be even more harmful to the country that what we have now.
the deal will also have massive new spending, higher taxes, a damaged economy and the GOP getting the blame
They know Republicans will give in. You must too,
No, the reason you think that was the case is because the reference point changed. Prior to 6pm EST the starting point was Friday’s. There was a brief 50 point downspike near the opening. Look at the 5 minute charts yourself. This happens every single time there is a Tuesday holiday after a large Friday move — someone will report the futures are way up or down.
I'm not sure that the Fiscal Cliff itself isn't better than whatever "agreement" that gang will come up with.
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