fxfox Posted January 5, 2023 Report Share Posted January 5, 2023 36 minutes ago, DrStool said: Debt ceiling and no Congressional action. Yes, right. But wasn‘t that almost always bearish for stocks? Link to comment Share on other sites More sharing options...
DrStool Posted January 5, 2023 Author Report Share Posted January 5, 2023 My longs are all up and my shorts are all down. Of course you know this means that the end of the world is at hand. Link to comment Share on other sites More sharing options...
DrStool Posted January 5, 2023 Author Report Share Posted January 5, 2023 19 minutes ago, fxfox said: Yes, right. But wasn‘t that almost always bearish for stocks? Oy. No, debt ceiling forces the cessation of net debt issuance. It's bullish for both stocks and bonds. Default is another story. Conventional wisdom is that it would be bearish. I can see their point, but I think it would be wildly bullish for stocks. Treasuries, not so much. Link to comment Share on other sites More sharing options...
fxfox Posted January 5, 2023 Report Share Posted January 5, 2023 13 minutes ago, DrStool said: Oy. No, debt ceiling forces the cessation of net debt issuance. It's bullish for both stocks and bonds. Default is another story. Conventional wisdom is that it would be bearish. I can see their point, but I think it would be wildly bullish for stocks. Treasuries, not so much. Ah ok, thanks. I only thought about those times in the past when we ran into the debt ceiling and the market didn‘t like that. Once the ceiling was lifted the market took off. Link to comment Share on other sites More sharing options...
DrStool Posted January 5, 2023 Author Report Share Posted January 5, 2023 6 minutes ago, fxfox said: Ah ok, thanks. I only thought about those times in the past when we ran into the debt ceiling and the market didn‘t like that. Once the ceiling was lifted the market took off. Really? Show me an example. I always thought that if you remove supply from the market, it's bullish. And when you put massive amounts of supply on the market, and the Fed isn't there to buy it, that's bearish. I guess I learn something new every day. Link to comment Share on other sites More sharing options...
Jorma Posted January 5, 2023 Report Share Posted January 5, 2023 7 minutes ago, fxfox said: Ah ok, thanks. I only thought about those times in the past when we ran into the debt ceiling and the market didn‘t like that. Once the ceiling was lifted the market took off. It just goes to show you. Don't necessarily trust an eye witness. Link to comment Share on other sites More sharing options...
DrStool Posted January 5, 2023 Author Report Share Posted January 5, 2023 Jobs report should be very strong tomorrow. Have a nice evening! Link to comment Share on other sites More sharing options...
fxfox Posted January 5, 2023 Report Share Posted January 5, 2023 7 minutes ago, DrStool said: Really? Show me an example. I always thought that if you remove supply from the market, it's bullish. And when you put massive amounts of supply on the market, and the Fed isn't there to buy it, that's bearish. I guess I learn something new every day. When there was a blockade in the House and there were epic discussion if the ceiling gets lifted or not the market was nervous and didn‘t go straight up. Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 5, 2023 Report Share Posted January 5, 2023 One of my sister's favorite stores..... What a (Sham)bles Link to comment Share on other sites More sharing options...
Jimi Posted January 5, 2023 Report Share Posted January 5, 2023 From the, "C'mon... everybody's doing it!" department, I submit... photo #28. https://www.redfin.com/CA/Ukiah/4489-Boonville-Rd-95482/home/183390123 Link to comment Share on other sites More sharing options...
Jimi Posted January 5, 2023 Report Share Posted January 5, 2023 57 minutes ago, DrStool said: Jobs report should be very strong tomorrow. Have a nice evening! Bring it. Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 5, 2023 Report Share Posted January 5, 2023 39 minutes ago, Jimi said: From the, "C'mon... everybody's doing it!" department, I submit... photo #28. https://www.redfin.com/CA/Ukiah/4489-Boonville-Rd-95482/home/183390123 How much is insurance? More baths than bedrooms.....really.... Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 7 hours ago, fxfox said: When there was a blockade in the House and there were epic discussion if the ceiling gets lifted or not the market was nervous and didn‘t go straight up. Show your work. Link to comment Share on other sites More sharing options...
Jimi Posted January 6, 2023 Report Share Posted January 6, 2023 Rooting for 1.04 from the cheap-sheets. Futures softening. Die, pig. Die. Link to comment Share on other sites More sharing options...
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