killerbee

Black Monday

47 posts in this topic

No chance, the US will raise the debt ceiling and the markets will love it. What a waste of BM call. You want to withdraw it?:-P

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Yes it was foolish but I just couldn't resist starting a Black Monday thread.

I will stand by the call as they probably won't do the deal over the weekend anyway.

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[quote name='GloomMonger' timestamp='1312096594' post='3070257']
No chance, the US will raise the debt ceiling and the markets will love it. What a waste of BM call. You want to withdraw it?:-P
[/quote]

I don't know, if they don't agree a deal today could be a very jittery Market on Monday.

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A compromise deal will be reached on Sunday (today)

Monday will be a global bonanza for the equities markets. All major indices up 2%+

Gold/Silver will drop 2-3%

Maybe by Tuesday the bond markets and ratings agencies will start to price in the inevitable QE3 and then markets resume their slide.

My 2p's worth.

Jim

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Hope the markets don't fall on Monday, just shoved half of our savings into Sainsburys :unsure: Edited by khards

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[quote name='JimDiGritz' timestamp='1312100312' post='3070311']
A compromise deal will be reached on Sunday (today)

Monday will be a global bonanza for the equities markets. All major indices up 2%+

Gold/Silver will drop 2-3%

Maybe by Tuesday the bond markets and ratings agencies will start to price in the inevitable QE3 and then markets resume their slide.

My 2p's worth. late

Jim
[/quote]

Agree...but they are leaving it rather late.

What if they dont reach agreement.

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[quote name='khards' timestamp='1312103579' post='3070352']
Hope the markets don't fall on Monday, just shoved half of our savings into Sainsburys :unsure:
[/quote]

Me too! Did the weekly shop earlier :(

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[quote name='Henrik' timestamp='1312104651' post='3070365']
Me too! Did the weekly shop earlier :(
[/quote]

Thanks you have just made me 0.000153p richer!

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[quote name='JimDiGritz' timestamp='1312100312' post='3070311']
A compromise deal will be reached on Sunday (today)

Monday will be a global bonanza for the equities markets. All major indices up 2%+

Gold/Silver will drop 2-3%

[/quote]

So I'm not the only one who thinks this - 10K in BV waiting.

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The US will raise the debt ceiling. It is an absolute given.

If they don't they won't be able to pay pensions and social security and they know that that will result in riots and social upgeaval like has never been seen before.


Why are they putting on this show at the moment?
Is it just political grandstanding or are they trying to cover up some other bad news?

Is this little show to make European debt look 'relatively' safer? It's already pushing down UK gilts.

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My experience of investing, suggests that the markets do the exact opposite to expectations.

If America gets down graded, then there may be a rally, because the markets feel the global debt issue is coming to a head.

Just a thought.....I'm usually wrong!!

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[quote name='sesim' timestamp='1312105852' post='3070377']
Black Decade. I'm calling it.
[/quote]

Good call...pretty safe on that!

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[quote name='khards' timestamp='1312106180' post='3070384']
The US will raise the debt ceiling. It is an absolute given.

If they don't they won't be able to pay pensions and social security and they know that that will result in riots and social upgeaval like has never been seen before.


Why are they putting on this show at the moment?
Is it just political grandstanding or are they trying to cover up some other bad news?

Is this little show to make European debt look 'relatively' safer? It's already pushing down UK gilts.
[/quote]


Agreed...it's just a boooolllocky show for the rest of the World to watch. They want to present the image that they are going to do something about the problem....which they're not.

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[quote name='Davetolbooth' timestamp='1312106681' post='3070398']
Agreed...it's just a boooolllocky show for the rest of the World to watch. They want to present the image that they are going to do something about the problem....which they're not.
[/quote]


Neither party have any intention of dealing with the problem and no intention of balancing their economy - all that they are interested in is the timing and duration of the budget exapansion which will determine which party has the most to gain/lose at the next election, that is the only thing that it being argued about, they know full well they can both hide/disguise the cuts that will go together with any budget expansion, as those are all guff to appease buyers of US debt.

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[quote name='The Masked Tulip' timestamp='1312107320' post='3070403']
[media]http://www.youtube.com/watch?v=sE1huPYerp0[/media]
[/quote]



The EU has expanded since the last time I looked.

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[quote name='Davetolbooth' timestamp='1312106585' post='3070394']
My experience of investing, suggests that the markets do the exact opposite to expectations.

If America gets down graded, then there may be a rally, because the markets feel the global debt issue is coming to a head.

Just a thought.....I'm usually wrong!!
[/quote]
http://www.youtube.com/watch?v=cKUvKE3bQlY

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No business as usual...it is not a matter of how much more of how long.....that can is getting somewhat dented. ;)

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[quote name='JimDiGritz' timestamp='1312100312' post='3070311']

Gold/Silver will drop 2-3%

[/quote]

Only 2-3%? I'm hoping for more than that. A heavy correction here would be excellent.

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Red October, anyone?

Come to think of it, if the future isn't Orange we should complain to the Advertising Standards Authority. Edited by nmarks

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[quote name='Davetolbooth' timestamp='1312106681' post='3070398']
Agreed...it's just a boooolllocky show for the rest of the World to watch. They want to present the image that they are going to do something about the problem....which they're not.
[/quote]

The Obama plan to cut the deficit over 10 years, is just beyond a joke. Edited by Take Me Back To London!

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[quote name='killerbee' timestamp='1312095928' post='3070254']
Been around hpc so long it's about time I had a go.
[/quote]

I think you might be a day early.

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