Has anyone noticed that when the repugs put a hold on the debt-ceiling talks, the stock market goes

[jillan]

DOWN.

Cantor took his toys and went home today because Biden didn't want to give him all the cookies.

The stock market is down like 200 points.

I've noticed this before.

Wall Street wants the debt ceiling to be raised... after all, it would hurt the markets if it's not.


The msm is spewing that the markets are going down because of the economic reports. Yes, that is probably part of it, but I say more than that
is the Whiny Republicans scaring the crap out of investors.

See if you notice this trend as well. Republicans get in the way of the debt ceiling being raised, the market goes down.

[sinkingfeeling]

1. That's exactly why they will eventually buckle. Wall Street will die if they don't and their big

donors know it.

[sufrommich]

2. Cantor took his toys and went home today because he wants

Boner to take the fall. Taxes on the rich are going to go up, Cantor knows it and decided to get out of Dodge.

[Vincardog]

3. Exactly. Cantor was there to get the spending cuts. He wants to let Boner do the tax hikes

[sufrommich]

4. He is cowardly scum. nt

[Ikonoklast]

22. Cassius Cantor, of the lean and hungry look.

He wants to be speaker so badly he reeks from his desire for it.


Boner better watch his back.

[jillan]

12. Tamaron Hall just said the same thing on msnbc. Saying they want Boner and Obama to take over.

[hfojvt]

14. there's no reason for taxes to go up, unless Obama and Democrats

are playing politics. Congress can easily (in a technical sense, if not a practical one) pass a bill to raise the debt ceiling that does not include either spending cuts or tax increases. Republicans are playing the political game of holding the debt ceiling hostage to deep spending cuts and permanent binders on spending that would be hard to over-turn (given the Senate's ability to stop any bill). Democrats apparently then are playing the game of - "okay, if you are serious about the debt then let's cut spending AND raise taxes." That's obviously a better alternative than JUST spending cuts, but it gets away from the notion of a clean debt ceiling bill. I think a debt ceiling bill without spending cuts is better than one with spending cuts, and we can have the debate on taxes and spending without the threat of financial armageddon. Although in a practical sense, maybe the threat of financial armageddon is the only way to get the rich a$$holes to agree to tax increases on their glorious selves.

[mmonk]

20. They can but we eventually will have to go against the state religion

and collect more revenue.

[Warpy]

5. The market always does best under Democratic policies

Once the Republicans get in and start fucking things up, it goes to hell.

The advisor I inherited along with the portfolio warned me this was about to happen and asked if I wanted to shelter assets. I opted to keep everything and keep the income I'm living on, instead. I just wondered aloud why it was taking so long to happen since the House had changed hands in January.

Republicans are the deadly enemy of everything and everyone in this country. The sooner people, investors included, wake up to this fact, the sooner we'll get this country back on track. For the next year and a half, though, it's going to be tough because those bastards want to trash the economy.

I just hope the Democrats are ready to assign blame in 2012.

[jillan]

9. If the Dems were smart, they would be all over this. "Republicans are bad for the market".

Look at the market while Dubya was President and look at it now.

Add that to the correlation that I am being to see, there are alot of talking points being handed to them on a silver platter.
That said, I don't expect to hear a word from the Dems about this and they will continue to be labelled as the party that is bad for business - which is far from the truth.

I inherited a portfolio too. Unfortunately I didn't get a decent adviser with it, consider yourself lucky :)

[droidamus2]

6. Negotiations? What negotiations?

Boehner was quoted as saying the (to paraphrase) 'negotiations' can't go forward until the Democrats take tax increases off the table. How is that a 'negotiation' if one side thinks they are the only ones who can decide what's on the table. This is one of the problems Obama and the Democrats have they go into 'negotiations' like this still believing, and who knows why, that the other side is willing to compromise. Because of this assumption they start out, in good faith, by saying something like 'okay we will give you this cut, and this cut, hell will give you a couple of trillion dollars in cuts'. To which the Mepublicans reply 'okay that looks good to us but we may have to revisit that later to see if we can't cut a couple of trillion more from programs that the Democratic base supports'. The Democrats next step is to say 'okay now lets look at the revenue side and see which taxes we need to raise'. The Mepublican response, 'HELL NO! RAISING TAXES IS OFF THE TABLE OR WE WALK (straight to the Fox news and the rest of the RW media echo chamber)'.

Sometimes I think the Democrats are insane, doing the same thing over and over and expecting a different outcome. It is obvious the Mepublicans want it their way and their way only and aren't interested in compromising. Anything that looks like a compromise is just another step closer to getting their way as far as the Mepublicans are concerned.

[liberal N proud]

7. The market going down serves good use for the Democrats

[emulatorloo]

8. There was reporting a while ago of Boehner telling Wall Street not to worry, that the debt ceiling

would be raised. I agree that the market takes a dive everytime the republicans say something to the contrary.

[jillan]

10. They are just playing games with people's money.... all in the name of politics.

Assholes!

[Romulox]

11. Bernanke's incompetence in winding down QE2 can't be overlooked, though.

The market began tanking yesterday when Bernanke took the podium.

[jillan]

13. There is alot of factors affecting the markets, that's for sure. Did I hear right

that Bernanke said something like the economy is bad and there's no end in sight? Someone told me that...haven't verified it yet.

[Romulox]

15. Hmmm. My take is that he said the economy is weaker than expected, and that

he doesn't really know why (!) :scared: . He gave some lip service to the events in Japan and the Greek debt crisis, but this economy wasn't surging prior to either one of those events, so the excuses sounded somewhat half-hearted.

"and there's no end in sight?"

Actually, he presented some (strictly imo) pie-in-the-sky growth projections during his presentation yesterday, which I don't think even Ben really believed...

[jillan]

16. Thanks - like I said, I'm just going by what someone else told me. Do you ever get the feeling that

he is clueless? I'm sure he's not, but he sure doesn't invoke confidence in alot of people.

[Romulox]

17. I think that once he has cut interest rates to zero, he has few additional tools

Which is why he has been purchasing bonds, effectively lowering their yields by driving up their price. All in an effort to lure money into the stock market.

My feeling is that a great deal of that money will leave the market as QE2 wraps up and the price of bonds drops, making yields more attractive. In addition, any attempt to liquidate the portfolio of bonds the Fed has already amassed will further send the price plummeting, making yields more attractive, and drawing yet MORE money from the stock market.

Long story short, Bernanke has simultaneously tied his own hands and painted himself into a corner (my apologies for the mixed metaphor.) My prediction is that he doesn't last through the election season.

[ThomWV]

18. Wanna make money? Buy when the R'S walk out of the room, sell the day after th debt limit is raised

This is a get-rich-quick scheme, because the deal with be signed and the market will Leap when it does and its going to happen soon.

[jillan]

19. You might be on to something Thom!

[WhiteTara]

21. Good Point! That should be pressed into all

conversations.