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I think you are both right. The market will boom, but over a more extended period. In the short run, treasuries may attract some money. It will take some time for the slow learners to figure out that 2.8% interest for ten years is a really mediocre proposition.
I promise you, I will be outraged at Democrats if they vote this deal down. If they voted it down and Republicans voted for it, I'd even say I'll vote for Romney in 2012. I'm almost certain, this deal if it doesn't go through would be due to the Republican House, but like I said...if Pelosi and the Democrats vote it down...I will be equally as outraged and most likely support Romney 2012.
Seriously $%^& Republicans and the Tea Party. They are the biggest waste of life on this planet. Really...you are now objecting because some of the cuts will come from defense! You know how many military bases we have in every freaking country and Boner and the other Republicans aren't willing to make cuts. This is ridiculous, if a deal doesn't pass because of this, I will be the biggest advocate to rid Washington of Republicans. I can't believe this crap...Boner you #$%^ing idiot!
Well, you see their entire goal is to slam Obama. So, they have to figure out how to do that while saving their own bacon.
It will be interesting to see how this shakes out, but I am glad we will not default.
Once this thing gets passed I think we will see a big boom in the stock market. There is still so much money sitting on the sidelines. Companies have healthy foundations now and are showing consistent results. I think we will break records and go beyond 14,000. The longs will continue to make gains.
You forgot one thing in your equation. In order for people to buy the new treasuries to be issued, people have to get cash from somewhere, often times, its the stock market.
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