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With the Republicans acting like spoiled children, we may well see the so called jump off the fiscal cliff. I think this may be a great to excellent opportunity to buy. I am waiting myself to see if they hold on to their my way or the highway ideas driving us off the cliff. If so the markets will react maybe even before the cliff exit. This will make for a great time to buy on a large dip. I would love to see a thirty percent dump. The market will rebound when either the fix is then brought in or even more likely people realize the cliff is more of small pot hole in the road and lung back into the market.
At 13000 a 30% dump would put the DOW at 9100. I heard some comments recently by a person saying they are looking for less than 8000 on the DOW.
One thing for sure is that all the stimulus and qe stuff has the US in a real problem. Actually fixing things could require another fall in the markets. Although with 23 million out of work now I doubt it would impact the real world much.
With the Republicans acting like spoiled children, we may well see the so called jump off the fiscal cliff. I think this may be a great to excellent opportunity to buy. I am waiting myself to see if they hold on to their my way or the highway ideas driving us off the cliff. If so the markets will react maybe even before the cliff exit. This will make for a great time to buy on a large dip. I would love to see a thirty percent dump. The market will rebound when either the fix is then brought in or even more likely people realize the cliff is more of small pot hole in the road and lung back into the market.
This is Obama's mess, not the Republicans. After 4 years Obama still isn't LEADING, but rather BLAMING. He has yet to submit a sensible budget. He campaigned for re-election promising jobs but now what? No more talk about creating jobs. The @rsehole was simply running for re-election so he could take more taxpayer-paid vacations.
Obama keeps talking about a "balanced" approach, but has not yet shown where significant cuts will be made to the expensive, expansive budgets of his past four years.
But you Swooners will continue to swoon, I suppose, until we are totally owned by China.
Well;I'd say neither aprty is acting lke adults. Doubling up from the position 18 months ago isn't exactly adult.Only thing I see is people movig to more cash posiitons seeig higher taxes coming. Notice that head of Goldamn action on stock options after meeeting with Obama to tune of 500 milion>I would say he wasn't encouarge by what he heard.
Normally I would think you may want to Short things in advance and make money on the way down AND back up.
B U T . . . while just sitting on the sidelines, you cannot really have the confidence to know if they will crash things and set the fall in place, is that correct?
Do you suppose there are any influence-positioned folks in High Places who have already bought (or getting ready to buy) Short positions with the pre-knowledge that they are going to be assisting in pushing this over the cliff?
Makes me think of the folks who were Shorting American Airlines and United on the eve of 9-11, with the prior knowledge that their stocks would be harmed.
This is Obama's mess, not the Republicans. After 4 years Obama still isn't LEADING, but rather BLAMING. He has yet to submit a sensible budget. He campaigned for re-election promising jobs but now what? No more talk about creating jobs. The @rsehole was simply running for re-election so he could take more taxpayer-paid vacations.
Obama keeps talking about a "balanced" approach, but has not yet shown where significant cuts will be made to the expensive, expansive budgets of his past four years.
But you Swooners will continue to swoon, I suppose, until we are totally owned by China.
Both parties agree that taxes should not increase on the middle class, so why are Republicans blocking a vote? Some Republicans are saying it would pass both the Congress and Senate, but of course Republicans are holding the middle class hostage, so they can protect the top 2%.
With the Republicans acting like spoiled children, we may well see the so called jump off the fiscal cliff. I think this may be a great to excellent opportunity to buy. I am waiting myself to see if they hold on to their my way or the highway ideas driving us off the cliff. If so the markets will react maybe even before the cliff exit. This will make for a great time to buy on a large dip. I would love to see a thirty percent dump. The market will rebound when either the fix is then brought in or even more likely people realize the cliff is more of small pot hole in the road and lung back into the market.
I'm 100% in shares, so I would welcome a large drop in the markets, so I can buy call options =)
I'll be happy either way, but I agree with Cramer that we would be in a big bull market right now if it weren't for the fiscal cliff worries.
Why should Republicans agree with a deal of tax increases now and spending cuts later? That is the same Lucy with the football play the Democrats always offer as a "compromise". If there is to be an actual deal, both sides have to give up something equally important to them, otherwise it won't work.
I actually don't want a deal. I think the people should get what they voted for, higher taxes and more spending.
If it hurts the stock market, too bad. People need to start paying up.
I am 80% long stocks. Same old story from the summer when we waited for the QE3 to get fixed.
I am buying stocks.
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