As "fiscal cliff" nears, market complacency sets in

• • Dec 10, 2012 11:16am
  • #1
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  • Patience

    5,501 posts

  • And we know what usually happens when complacency sets in.
    
    ** Que the Jaws theme ** And we know what usually happens when complacency sets in. ** Que the Jaws theme **
• • Dec 10, 2012 12:16pm
  • #2
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  • Guest

    IP XXX.XX.79.5

  • Just follow the pattern...I mentioned it earlier today. US traders are typically euro buyers(if you don't trade on major news days). From 7-9am it was buy buy buy euro. Going into London close, they sold off somewhat. Since 11:30am, it's been buy buy buy euro again for US traders. Now the moves aren't that big of course...but they have tipped their hand and you can see their mentality and the direction they want to go! Just follow the pattern...I mentioned it earlier today. US traders are typically euro buyers(if you don't trade on major news days). From 7-9am it was buy buy buy euro. Going into London close, they sold off somewhat. Since 11:30am, it's been buy buy buy euro again for US traders. Now the moves aren't that big of course...but they have tipped their hand and you can see their mentality and the direction they want to go!
• • Dec 10, 2012 1:25pm
  • #3
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  • Guest

    IP XX.X.28.228

  • "It also could be that investors have peered over the cliff and realized they are looking at a gentle slope instead."
    
    This is exactly what I have read several times before, it will not be the end of the world if nothing is done to resolve the cliff issue quickly. Apparently the term was popularised by none other than Ben S. B..
    
    In late February 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, popularized the term "fiscal cliff" (source: wikipedia).
    
    Just have a look at the chart of VIX and you will see that big market players do not give two hoots about the cliff. "It also could be that investors have peered over the cliff and realized they are looking at a gentle slope instead." This is exactly what I have read several times before, it will not be the end of the world if nothing is done to resolve the cliff issue quickly. Apparently the term was popularised by none other than Ben S. B.. In late February 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, popularized the term "fiscal cliff" (source: wikipedia). Just have a look at the chart of VIX and you will see that big market players do not give two hoots about the cliff.
• • Dec 10, 2012 3:31pm
  • #4
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  • Guest

    IP XXX.XXX.16.103

  • Lowering the deficit by allowing existing law to take effect and reducing the deficit is clearly the best path. Further spending cuts and tax increases are needed after the "i'm so scared fiscal cliff" is behind us. Since the Bush-Greenspan "lets cut taxes and make goverment small enough to drown in the bathtub rather than pay down the national debt plan" was implemented, we have run up 10 Trilliion in debt, had the worse economic event since the great depression, and failed to produce a single net job in the private sector. In those 12 years, Social Security taxes have run up a 2.5 Trillion dollar surplus, and I believe the Medicare program is also still in surplus. So we should cut those programs? It is time income, corporate and other taxes were raised until they pay for the rest of goverment, the health care system nationalized and costs reduced from 16 to 8 percent of GDP, and the neverending wars ended. The sooner this happens and we are certain the government is fully funded and the debt being reduced, the sooner we can start having a real, growing economy that produces something other than fradulent paper again. Lowering the deficit by allowing existing law to take effect and reducing the deficit is clearly the best path. Further spending cuts and tax increases are needed after the "i'm so scared fiscal cliff" is behind us. Since the Bush-Greenspan "lets cut taxes and make goverment small enough to drown in the bathtub rather than pay down the national debt plan" was implemented, we have run up 10 Trilliion in debt, had the worse economic event since the great depression, and failed to produce a single net job in the private sector. In those 12 years, Social Security taxes have run up a 2.5 Trillion dollar surplus, and I believe the Medicare program is also still in surplus. So we should cut those programs? It is time income, corporate and other taxes were raised until they pay for the rest of goverment, the health care system nationalized and costs reduced from 16 to 8 percent of GDP, and the neverending wars ended. The sooner this happens and we are certain the government is fully funded and the debt being reduced, the sooner we can start having a real, growing economy that produces something other than fradulent paper again.
• • Dec 10, 2012 7:22pm
  • #5
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  • Aaronfb

    26 posts

  • Obama want to raise 1.6 trillion over 10 years. He has over spent 1 trillion in the hole every year he's been in office. If you think there will be any real spending cuts with a Democrat in office, your are crazy. You can take all the money of the top two income tiers and still not have enough to keep up with Obama's spending. This is just lip service to his 'base' so they think the rich are getting soaked, meanwhile, his supporters like Google continue to hide 10 billion in offshore account tax shelters. Obama want to raise 1.6 trillion over 10 years. He has over spent 1 trillion in the hole every year he's been in office. If you think there will be any real spending cuts with a Democrat in office, your are crazy. You can take all the money of the top two income tiers and still not have enough to keep up with Obama's spending. This is just lip service to his 'base' so they think the rich are getting soaked, meanwhile, his supporters like Google continue to hide 10 billion in offshore account tax shelters.
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    IP XX.XX.196.179

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