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- pip_trader replied Jan 2, 2013
Look at that 75 pip reversal.
- pip_trader replied Jan 2, 2013
No doubt. I was just thinking of that and may not be suitable for a longer-term trade is all. Who knows trading my first (probably not my last) fiscal cliff.
- pip_trader replied Jan 2, 2013
They made just be making up for lost ground. Word of deal didn't happen until after Europe close.
- pip_trader replied Jan 2, 2013
I totally understand as well. I started trading to hedge oil prices and such. All we can do is try to better our individual situations. The whole situation with politicians and the economy is just frustrating is all.
- pip_trader replied Jan 2, 2013
True. No what else isn't cheap? Fecking entitlement programs. Medicare/caid is more of a burden than deficits. Hard to believe, but true. $6 spent for every $1 paid in - government is good for deficit making. The inherent vice of capitalism is the ...
- pip_trader replied Jan 2, 2013
Debt Ceiling: Interesting how Dem controlled Congress seems to have the most and steepest increases.
- pip_trader replied Jan 2, 2013
The ceiling itself is not a number. Only Congress can approve expenditures. When the revenue is not enough there is a deficit, obviously. The Treasury then borrows capital to pay for the different. The ceiling itself is the absolute limit of ...
- pip_trader replied Jan 1, 2013
Well, yes. By raising the ceiling allows the Treasury to borrow more money to pay the liabilities, but if Obama spent $6 tril in his first 4 years why would we show any restraint the next 4? There can be spending cuts, there are spending cuts now. ...
- pip_trader replied Jan 1, 2013
I guess since he's the one that incurred $6+ feckin trillion. Does anyone even fathom how much money that is? I think it is safe to say if the limit is raise so will the spending.
- pip_trader replied Jan 1, 2013
The deal is done, but isn't that the reason the markets and euro shot up? Markets being forward looking, thus priced in? Obama spoke after signing the deal. He said there will be no debate on debt ceiling because bills have been incurred (i.e. ...
- pip_trader replied Jan 1, 2013
Passed because it had to. The Dictator's Senate would refuse any bill the House sent. USA is now the Democratic Republic of Obama States
- pip_trader replied Dec 31, 2012
Market doesn't care. Look at those futures - unless a selloff wednesday. Nothing really has been address or accomplished besides taxing those above $400k and markets act like the deficit magically got cut $8 trillion.
- pip_trader replied Dec 31, 2012
Market doesn't seem to care. Futures are blasted upward. Feels like Vegas. Kinda sad.
- pip_trader replied Dec 31, 2012
What? I never said they would. Just technically, that's the deadline. I think the market will be disappointed either way. A deal has been priced in for a while. Personally, I'm getting ready to mellow for New Year's video
- pip_trader replied Dec 31, 2012
Not until the market closes. Sequestration starts at 12:01AM EST. They still have till then to push one through.
- pip_trader replied Dec 31, 2012
Lol, the market is so inflated. Just wait till the opium, I mean hopium is taken away. Less than 10 hours left.
- pip_trader replied Dec 31, 2012
seems to not address the real issue: debt. Tax increases on families of 450k
- pip_trader replied Dec 31, 2012
Word on the street, Obama will have middle-class Americans to drive home a point to the damage of fiscal cliff. Not apparent that a deal is made.
- pip_trader replied Dec 31, 2012
If Obama doesnt mention a deal, I just might sell the 26pt rip in S&P futures
- pip_trader replied Dec 31, 2012
Make sure you OCO bracket your orders.