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The Real Yo-yo: Fiscal Cliff Discussions

edited November 2012 in Off-Topic
A couple of weeks ago, discussion of "positive' talks reversed the drop in the market after the election.
Harry Reid's "lack of progress" discussion tanked the market the other day.
Boehner's positive comments sent the market soaring yesterday.

Today, we get this and the market plops:
*BOEHNER SAYS `THE WHITE HOUSE HAS TO GET SERIOUS'
*BOEHNER SAYS DEMOCRATS `COMFORTABLE' GOING OVER FISCAL CLIFF
*BOEHNER SAYS `NO SUBSTANTIVE PROGRESS' MADE IN TALKS
*BOEHNER SAYS DEMOCRATS RULING OUT `SENSIBLE SPENDING CUTS'
*BOEHNER SAYS DOESN'T KNOW WHAT WHITE HOUSE WILLING TO DO

I'm rather curious who is well aware of these comments by the morons in this government are coming before they are released and profiting off the volatility created by this BS.

Comments

  • Scott: Do you own KNOW ?? Te he !!!

    Derf
  • lol.

    And yet, more, with Reid now playing the "it's not our fault" card:

    REID SAYS `WE'RE NOT GOING TO KICK THE CAN DOWN THE ROAD'
    *REID SAYS HE HAD `NICE MEETING' WITH GEITHNER
    *REID SAYS STILL WAITING FOR `SERIOUS OFFER' FROM REPUBLICANS
  • edited November 2012
    Ya - to be expected. Lots of noise. IMHO a mistake to let it affect your choices too much. Nation will still be here a year from now. They'll still be screaming about the debt and entitlement reform. Hopefully a few more people will be back at work and the Dow still above 10,000.
  • Scott............I had the same thought about the word blips.
    Pretty sad that I would even consider an ethics problem; that someone in D.C. would call a few friends and advise to buy a few select etf's to hold for a couple of hours; as such and such a statement is going public in 20 minutes.
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