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  • #504,421
  • Jul 31, 2011 7:33pm Jul 31, 2011 7:33pm
obama speaking in 10 mins watch out
Mohan
  • #504,422
  • Jul 31, 2011 7:35pm Jul 31, 2011 7:35pm
Quoting mohan76
obama speaking in 10 mins watch out
nah. Just go LONG. LOL.
  • #504,423
  • Jul 31, 2011 7:36pm Jul 31, 2011 7:36pm
Quoting OldQuant
Be very careful if you're in the market; it looks like it's behaving like a flock of sheep who aren't sure there aren't wolves lurking in the tall grass. Technical levels don't mean a thing if that flock spooks one way or the other.
A little visual...

Attached Image (click to enlarge)
Click to Enlarge Name: Bottoms Up.PNG Size: 922 KB
  • #504,424
  • Jul 31, 2011 7:37pm Jul 31, 2011 7:37pm
Also:
6:32 pm
AP Source: Boehner, Democrats Strike Debt Deal to Head Off Government Default.

Maybe I'm wrong and it's done...
  • #504,425
  • Jul 31, 2011 7:37pm Jul 31, 2011 7:37pm
Quoting attila
nah. Just go LONG. LOL.
today long is not my baby , sideline or short , i choose first
Mohan
  • #504,426
  • Jul 31, 2011 7:42pm Jul 31, 2011 7:42pm
some action going on jpy
Mohan
  • #504,427
  • Jul 31, 2011 7:46pm Jul 31, 2011 7:46pm
6:37 pm White House: No Debt Deal Yet With Republicans - AP
and then
6:42 pm Obama Says Congressional Leaders Have Agreed to a Debt Deal

Don't trust any of it.

Ken, nice sheep graphic!

BTW, those times are Mountain; the computer getting the news feed is in MST.
  • #504,428
  • Jul 31, 2011 7:48pm Jul 31, 2011 7:48pm
Quoting OldQuant
6:37 pm White House: No Debt Deal Yet With Republicans - AP
and then
6:42 pm Obama Says Congressional Leaders Have Agreed to a Debt Deal

Don't trust any of it.

Ken, nice sheep graphic!
yep deal done.. just 9 min ago
  • #504,429
  • Jul 31, 2011 7:49pm Jul 31, 2011 7:49pm
Quoting OldQuant
6:37 pm White House: No Debt Deal Yet With Republicans - AP
and then
6:42 pm Obama Says Congressional Leaders Have Agreed to a Debt Deal

Don't trust any of it.

Ken, nice sheep graphic!
yeah.. for some reason I am reluctant to buy this whole political shenanigan..
  • #504,430
  • Jul 31, 2011 7:54pm Jul 31, 2011 7:54pm
Quoting harora
yep deal done.. just 9 min ago
they still have to vote on it. both senate and the house..
  • #504,431
  • Jul 31, 2011 7:56pm Jul 31, 2011 7:56pm
Quoting darimik
yeah.. for some reason I am reluctant to buy this whole political shenanigan..
trust your politicians....and government....they are telling u the truth
  • #504,432
  • Jul 31, 2011 7:57pm Jul 31, 2011 7:57pm
Just went short and now went to bed. Its late here.

H4
How to opt out annoying user signatures ??
  • #504,433
  • Jul 31, 2011 7:59pm Jul 31, 2011 7:59pm
1.2 trillion

didnt the rating agencies say that they are looking for something around 4 trillion ? The senate will probably pass it. House may prove to be more independent. in any case, tomorrow should be interesting.
  • #504,434
  • Jul 31, 2011 8:07pm Jul 31, 2011 8:07pm
4 minutes ago:

“There is a now a framework to review that will ensure significant cuts in Washington spending,” Mr. McConnell said.

I got burned by that word about 2 weeks ago. I was talking to somebody fairly well placed, who told me that it was likely going to be a change in the "framework" that afternoon. So I posted here that there was "credible evidence" of a deal between the House and WH, and then asked him if that would be appropriate interpretation.

After a long pause, he said: "A framework is not a deal." Turned out that Boehner walked out.

I edited the post with that language. They all behave like they're characters in "All the President's Men," parsing their language and f**king with the civilians.
  • #504,435
  • Jul 31, 2011 8:08pm Jul 31, 2011 8:08pm
Quoting darimik
1.2 trillion

didnt the rating agencies say that they are looking for something around 4 trillion ? The senate will probably pass it. House may prove to be more independent. in any case, tomorrow should be interesting.
watching 4379 and 4409..

SP 1313.1..
  • #504,436
  • Jul 31, 2011 8:09pm Jul 31, 2011 8:09pm
Obama said something ? I was out for the past 2 hours, Did I mist something Big ?
  • #504,437
  • Jul 31, 2011 8:11pm Jul 31, 2011 8:11pm
aw ffs, looks like deal reached, but may not be enough to avert downgrade, so still mixed messages..
  • #504,438
  • Jul 31, 2011 8:11pm Jul 31, 2011 8:11pm
Quoting Link
Obama said something ? I was out for the past 2 hours, Did I mist something Big ?
Yea ... a big Cleveland steamer...
  • #504,439
  • Jul 31, 2011 8:12pm Jul 31, 2011 8:12pm
Quoting darimik
1.2 trillion

didnt the rating agencies say that they are looking for something around 4 trillion ? The senate will probably pass it. House may prove to be more independent. in any case, tomorrow should be interesting.
Yeah, and the exact language is in the "medium term." This is over 10 years. And it's not even mandated cuts. They mandate a committee to study the cuts.
  • #504,440
  • Jul 31, 2011 8:13pm Jul 31, 2011 8:13pm
President Barack Obama said tonight that leaders of both parties in the U.S. House and Senate had approved an agreement to raise the nation’s debt ceiling and cut the federal deficit
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