Congressional Supercommittee

The "media"....some soundbite selecter, phrase coining, headline writer.....and everyone follows.......because it sells....
 
OK, old news by now. But since it hasn't been mentioned yet, anyone care to guess how many of the committee members and/or their staffers shorted the S&P?? :suspicious:

Should we start a pool?
 
What's interesting is everyone is talking about the super committee and their deadline of 11/23. Has anyone heard about the "continuing resolution" that runs out tomorrow?
 
I have a feeling the market may react positively to inaction by the super-committee as it's the most predictable solution.
 
My understanding is that, technically, today (11-16-11) was the 'deadline" in order for CBO to do their scoring and certification, but I may be wrong on that.

I must be getting cynical in my not-so-old age, but I just can't see any of them passing up an opportunity for election year political gamesmanship, and even if they do something productive, it will be lost in their partisan noise. I just can't decide if the markets would respond with a temporary decline or a repeat of August.
 
Nordic,
I would not hold your breath expecting something to get done. Automatic cuts will be the perfect way to cut the budget and blame the other guy for not compromising.
Everyone gets hurt except those that put us here. Keep on, keepin on.
 
Nordic

Nordic

Member
Any thoughts on next week's Supercommittee deadline and how it may affect the markets? I'm considering pulling out of equities before the deadline considering how little positive news has been coming from that committee. Just wanted to see where other folks were in their strategy for next week. They could pull a rabbit out of the hat, but at this point it doesn't seem to be looking very good for them to get something done.
 
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