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Stock futures up. Someone in Congress already knows a deal is going to take place.
CNN Money ^ | 30 December 2012

Posted on 12/30/2012 7:21:14 PM PST by MeneMeneTekelUpharsin

Stock futures are up. Someone in Congress knows a deal is going to take place. Information already leaked to big players. Futures were down -207 on Dow earlier today and are now up +23. Insider trading taking place. These guys are really slick.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: deal; fiscalcliff; fiscalclifffutures; markets; stockfutures
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We are all now slaves to be used and abused.
1 posted on 12/30/2012 7:21:24 PM PST by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin

Who wants to bet that every damn one of them are trading strategically on THEIR news.

Friggin traitors. Oughta be hung!


2 posted on 12/30/2012 7:27:03 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: MeneMeneTekelUpharsin

I’d like to know what stocks the congressmen are buying.


3 posted on 12/30/2012 7:27:57 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: MeneMeneTekelUpharsin
I will be very surprised if a deal takes place.

The way I see it, if there is failure to make a deal, Obama gets big tax hikes. Obama gets big cuts in Defense. The economy will suffer. The Republicans will get the blame.

Any proposed deal would have to be stupendously damaging for this country for Obama to have any interest in it at all.

4 posted on 12/30/2012 7:29:00 PM PST by ClearCase_guy (Republicans have made themselves useless, toothless, and clueless.)
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Comment #5 Removed by Moderator

To: MeneMeneTekelUpharsin

Yes, while the Democrats are on the way to another downgrade, investors are seeking other options. Not entirely unexpected.


6 posted on 12/30/2012 7:35:09 PM PST by Son House (Romney Plan: Cap Spending At 20 Percent Of GDP.)
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To: MeneMeneTekelUpharsin

Or the Fed just created a bunch more money.


7 posted on 12/30/2012 7:37:05 PM PST by Revel
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To: count-your-change
I’d like to know what stocks the congressmen are buying.

Yes, me too. Something is obviously going on. Stock futures (Dow) up +38 now. Someone knows something. They wouldn't reverse like that unless someone had significant info.

8 posted on 12/30/2012 7:38:07 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: ClearCase_guy

I’m with you in your assessment, but I want to mark this just to see how it pans out.


9 posted on 12/30/2012 7:38:45 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: MeneMeneTekelUpharsin
Futures were down -207 on Dow earlier today

That isn't true. Was a stale quote from last week.

Even if a deal occurs and the market pops, good chance this would be the exact top.

10 posted on 12/30/2012 7:38:59 PM PST by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: steve86

Pardon me. The futures were down -226 earlier in the day. Then they were down -207. Now up +38. How are the futures stale quotes when a change occurred intraday? Why would YOU like about it? Interesting.


11 posted on 12/30/2012 7:40:42 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: steve86

Pardon me. The futures were down -226 earlier in the day. Then they were down -207. Now up +38. How are the futures stale quotes when a change occurred intraday? Why would YOU lie about it? Interesting.


12 posted on 12/30/2012 7:40:58 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

Nah, I’d say more light profit taking. That’s not buy action.


13 posted on 12/30/2012 7:41:15 PM PST by Free Vulcan (Vote Republican! [You can vote Democrat when you're dead]...)
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To: MeneMeneTekelUpharsin

Well of COURSE there is going to be a deal. Was there ever ANY doubt the GOP would stab us in the back yet again?


14 posted on 12/30/2012 7:43:23 PM PST by RIghtwardHo
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To: MeneMeneTekelUpharsin

Let me just say: If you know it’s corrupt, why are you surprised when it’s corrupt? (rhetorical Q)

It is generally wrong to bet that TPTB will not do anything and everything they can to remain TPTB. And since there is no enforcement, it generally doesn’t matter.

And by the way, I am in no way disagreeing with you.


15 posted on 12/30/2012 7:45:01 PM PST by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: MeneMeneTekelUpharsin

I would think the markets would prefer no deal, since any “deal” is bound to be even more harmful to the country that what we have now.


16 posted on 12/30/2012 7:47:12 PM PST by Cementjungle
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To: ClearCase_guy

the deal will also have massive new spending, higher taxes, a damaged economy and the GOP getting the blame


17 posted on 12/30/2012 7:48:01 PM PST by GeronL (http://asspos.blogspot.com)
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To: MeneMeneTekelUpharsin

They know Republicans will give in. You must too,


18 posted on 12/30/2012 7:51:08 PM PST by sickoflibs (Dems go for results, meaning winning. Rs go for symbolism and whining about losing.)
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To: MeneMeneTekelUpharsin

No, the reason you think that was the case is because the reference point changed. Prior to 6pm EST the starting point was Friday’s. There was a brief 50 point downspike near the opening. Look at the 5 minute charts yourself. This happens every single time there is a Tuesday holiday after a large Friday move — someone will report the futures are way up or down.


19 posted on 12/30/2012 7:51:48 PM PST by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: MeneMeneTekelUpharsin
Or not take place...

I'm not sure that the Fiscal Cliff itself isn't better than whatever "agreement" that gang will come up with.

20 posted on 12/30/2012 7:55:25 PM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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