Posted on 10/02/2013 5:36:37 PM PDT by chessplayer
Nothing complicated here. In order to strengthen his hand in negotiations, the president’s decided to try to kickstart a hopefully not-too-damaging market sell-off over the debt ceiling. The more the Dow drops tomorrow, the more Boehner and other moderate Republicans will think twice about letting this process play out all the way up to the deadline on October 17th. And if the market doesn’t dive sharply enough — maybe “only” 200 or 300 points — he can always nudge it again next week with more dire rhetoric. It might take losing a thousand points or even two, but damn it, if that’s what it takes to teach these tea partiers not to scare the hell out of markets by behaving irresponsibly, then oh well.
Obama himself has often walked back his position when the market drops.
Good grief, he is a calculating son of satan!
Its all been planned and is now being executed.
A disaster is coming so he can gain total control over us all.
Obamacare
Debt ceiling
Citizenship for illegal aliens
It’s all coming down at once, and Obama is in a weak position. He cannot hope to win even one of these, let alone all three.
I think he’s cracking, and I think that the SHTF moment is on the horizon.
Well, the market actually closed up today, close to its all time high. The Cubes (QQQ) are a much broader indicator of how the market is doing than the Dow:
http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=4&dy=0&id=p24903662436&cmd=print
The only responsible one’s in the room are the Tea Partiers.
Wow, so Obamugabe met with a bunch of guys who have private jets, members of the 1%?
Imagine that...did President Valerie Jarrett meet with them, too?
I said that yesterday.
They lit the fuse for the economic explosion...
We just may have fell right into their trap. 0bama was saying no negotiation long before anyone ever threatened a ‘shut down.’
Time to bail on the stock market?
I wonder what the media will say now.......
If 0bama and the dems play this right...
It will fall faster than you can even imagine.
Somewhere on here today somebody mentioned that the Oct. 17(?) deadline was more hazardous that the crash of 2008. Which if that is true then at any given point we are less than 10 working days from total collapse. And if one wants to extend that thought out even further, then that means everything is smoke and mirrors and 0bama is a total failure.
Good thing I kept some gold and silver...just looking for the upside to collapse....:-D
I have too much cash in an IRA that I just rolled over from a 401k and was hoping for this to become a buying opportunity. I’ll be watching closely for when to get in.
Can you imagine the boost to the market if bammycare fell?
And note tagline.
How long do we have to suffer this terrorist?
First he won’t negotiate...
The the senate won’t piece meal legislation to keep the government funded
Then he starts trying to crash the markets...
Do you feel like you are being majorly played yet?
He cannot hope to win even one of these...”
Republican Congressmen are going to help him out with the amnesty and they are hatching plans in the background. It just never stops.
Ditto
Heck, I feel like Rod Serling has been narrating my life since 2008.
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