killerbee Posted July 31, 2011 Share Posted July 31, 2011 Been around hpc so long it's about time I had a go. Quote Link to comment Share on other sites More sharing options...
GloomMonger Posted July 31, 2011 Share Posted July 31, 2011 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 Link to comment Share on other sites More sharing options...
killerbee Posted July 31, 2011 Author Share Posted July 31, 2011 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. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted July 31, 2011 Share Posted July 31, 2011 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 I don't know, if they don't agree a deal today could be a very jittery Market on Monday. Quote Link to comment Share on other sites More sharing options...
JimDiGritz Posted July 31, 2011 Share Posted July 31, 2011 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 Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted July 31, 2011 Share Posted July 31, 2011 (edited) Hope the markets don't fall on Monday, just shoved half of our savings into Sainsburys Edited July 31, 2011 by khards Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted July 31, 2011 Share Posted July 31, 2011 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 Agree...but they are leaving it rather late. What if they dont reach agreement. Quote Link to comment Share on other sites More sharing options...
Henrik Posted July 31, 2011 Share Posted July 31, 2011 Hope the markets don't fall on Monday, just shoved half of our savings into Sainsburys Me too! Did the weekly shop earlier Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted July 31, 2011 Share Posted July 31, 2011 Me too! Did the weekly shop earlier Thanks you have just made me 0.000153p richer! Quote Link to comment Share on other sites More sharing options...
Steve Smith Posted July 31, 2011 Share Posted July 31, 2011 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% So I'm not the only one who thinks this - 10K in BV waiting. Quote Link to comment Share on other sites More sharing options...
sesim Posted July 31, 2011 Share Posted July 31, 2011 Black Decade. I'm calling it. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted July 31, 2011 Share Posted July 31, 2011 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 Link to comment Share on other sites More sharing options...
Wahoo Posted July 31, 2011 Share Posted July 31, 2011 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 Link to comment Share on other sites More sharing options...
Roman Roady Posted July 31, 2011 Share Posted July 31, 2011 Black Decade. I'm calling it. Good call...pretty safe on that! Quote Link to comment Share on other sites More sharing options...
Wahoo Posted July 31, 2011 Share Posted July 31, 2011 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. 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 Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 31, 2011 Share Posted July 31, 2011 Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted July 31, 2011 Share Posted July 31, 2011 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. 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. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted July 31, 2011 Share Posted July 31, 2011 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 Link to comment Share on other sites More sharing options...
winkie Posted July 31, 2011 Share Posted July 31, 2011 No business as usual...it is not a matter of how much more of how long.....that can is getting somewhat dented. Quote Link to comment Share on other sites More sharing options...
Errol Posted July 31, 2011 Share Posted July 31, 2011 Gold/Silver will drop 2-3% Only 2-3%? I'm hoping for more than that. A heavy correction here would be excellent. Quote Link to comment Share on other sites More sharing options...
nmarks Posted July 31, 2011 Share Posted July 31, 2011 (edited) Red October, anyone? Come to think of it, if the future isn't Orange we should complain to the Advertising Standards Authority. Edited July 31, 2011 by nmarks Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted July 31, 2011 Share Posted July 31, 2011 (edited) 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. The Obama plan to cut the deficit over 10 years, is just beyond a joke. Edited July 31, 2011 by Take Me Back To London! Quote Link to comment Share on other sites More sharing options...
Patfig Posted July 31, 2011 Share Posted July 31, 2011 Been around hpc so long it's about time I had a go. I think you might be a day early. Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted July 31, 2011 Share Posted July 31, 2011 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. I don't see a problem, they could pay thier debts with the 8,000 tons of gold they have sitting around doing nothing. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted July 31, 2011 Share Posted July 31, 2011 I don't see a problem, they could pay thier debts with the 8,000 tons of gold they have sitting around doing nothing. 32,000 ounces in a ton. 8000 x 32000 x $1600 $409,600,000,000 Debt clock $14,500,000,000,000 Houston we have a problem? Quote Link to comment Share on other sites More sharing options...
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