Potential Debt Ceiling Deal Sees Futures Rise

[clester]

Looks like s&p futures up. +19 at 6:30pm

 

[tsptalk]

Sunday @ 6:20 PM ET

 

[clester]

Question is now do we sell into the rally?

 

[tsptalk]

You're too fast clester. Thanks

I think if the deal is done and we take out Friday's low at some point, we'll be in big trouble. Otherwise the 200-day moving average turned out to be another buying opportunity.

 

[Boghie]

This will probably boom the market till it reaches the top of the trading range.

Then I'm out for August, September, and October. This stupidity spooked the market, but we still have Black Swans flying about. Moody's and S&P will probably downgrade us if we don't make rather large deficit cuts - to the tune of $400 Billion a year. They probably want some tax increases as well - to cut us to the Bush era $200 - $400 Billion number or better. That means revenue/spending adjustment of $1,000 Billion or so.

My guess is that our politicians haven't seen the abyss. They are lawyers and yakkers – not financial gurus like us.:embarrest:

 

[James48843]

And if a deal falls through, and there is no agreement?

 

[Scout333]

With the bump in the futures after the potential deal agreement would have expected more push in C, S, & I funds this morning. Fellow TSP'rs - Thoughts on a short-term in and out i.e. In COB today and out around Weds.COB Hate to burn an IFT for a 1-2 day play. Will then be done for August no matter what happens. Grrrr! Curse the 2 IFT limit. With as many hanging out in the G and F funds there has to be a lot of us at least thinking about it. Hmmm...

 

[saturneptune]

Futures rise? Great indicator. S and P is in free fall. Any other advice?

 

[tsptalk]

Futures rise? Great indicator. S and P is in free fall. Any other advice?

That wasn't advice.

 

[saturneptune]

Whatever you say, it may not be advice, but it is obviously a post without common sense.

 

[saturneptune]

I very, very seldom post, but that is outrageous, and a total lack of understanding of the basics.

 

[James48843]

The I fund is now down OVER 5% today, and the "S" fund is just over 3.5% down.

Quick- I need some humor for a red day....

 

[Handballer]

Agreed.

That wasn't advice.

 

[Handballer]

Hows this -
[SIZE=+2]I Was Just Wondering[/SIZE]

If someone with multiple personalities threatens to kill himself, is it considered a hostage situation? If a person is a vegetarian, does he eat animal crackers? If nothing ever sticks to Teflon, how do they get Teflon to stick to the pans? If your car is traveling at the speed of light and you turned on your headlights, would they work? Why does one have a pair of panties but only one bra? Why is it that when you are driving and looking for an address, you turn the radio down? Why are there flotation devices under plane seats, instead of parachutes. What do you have if you have 100 lawyers buried up to their necks in sand?.

The I fund is now down OVER 5% today, and the "S" fund is just over 3.5% down.

Quick- I need some humor for a red day....

 

[tsptalk]

Whatever you say, it may not be advice, but it is obviously a post without common sense.

The debt ceiling passed and the futures were up sharply. We were just posting the facts as of Sunday at 6:30 PM ET. I'm not sure what your point is, but I don't think it matters anymore.

I very, very seldom post, but that is outrageous, and a total lack of understanding of the basics.

I think you were misundertanding the meaning of the post. Either that or we are talking about two totally different things.

Outrageous? What part of the futures being up on Sunday, after the announcement of the debt ceiling deal being close, is outrageous? Your response seems like a very strange. It was not advice, analysis, nor a prediction. It was a fact.

Sorry. I just can't grasp your issue with the post or thread.

 

[James48843]

Hows this -
[SIZE=+2]I Was Just Wondering[/SIZE]

What do you have if you have 100 lawyers buried up to their necks in sand?.

I don't know, what?



( And yes, please feed some more, I'm down at least 15k today and I need all the humor I can get!)

 

[nnuut]

A GOOD START!:laugh:

 

[RealMoneyIssues]

A GOOD START!:laugh:

That is a pretty decent way to handle TORT reform