Dooms day Is here But Stock market Up

Discussion in 'Too Hot for Swamp Gas' started by diehardgator1, Oct 1, 2013.

  1. diehardgator1
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    diehardgator1 Well-Known Member

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    Well maybe putting some of these people on the government take is not as bad as obama wants it to be The stock market is up so far today


    " On Wall Street, the Standard & Poor’s 500-stock index added 0.8 percent in midday trading, and the Dow Jones industrial average rose 0.4 percent. The Nasdaq index was up a full 1 percent.

    Analysts and investors worry that a government shutdown this week would hit not just consumer and business confidence, but also make it more likely that the United States will default on its debt when it reaches its borrowing limit in about two weeks. Without an agreement to raise the borrowing limit by then, the government will also be unable to issue more bonds.

    http://www.nytimes.com/2013/10/02/business/international/daily-stock-market-activity.html?_r=0
  2. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Send our Government the interest rate payments on our debts only... until Obama talks with the Pubs about Obama-scam. That way we don't default on our debt.
  3. gatorman_07732
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    gatorman_07732 Well-Known Member

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    I'm so tired of the incessant whining by this President. He's worse than my two daughters.
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  4. docspor
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    docspor Member

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    The mkt has expectations and prices things accordingly. It's incorrect to attribute today's price change as approval or disapproval of the shutdown. You see price go up/down when firms miss/beat ANALYSTS' expectation b/c their expectation certainly need not be the mkt's expectations.
  5. diehardgator1
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    diehardgator1 Well-Known Member

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    But the world was suppose to collapse today obummer said so
  6. docspor
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    docspor Member

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    that's cuz in his "mind" the world is the government
  7. mdgator05
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    mdgator05 Premium Member

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    The financial markets accounted for a short-term shut down yesterday, when it became obvious that it was going to occur. The markets have adjusted up a little bit today from yesterday, but have not fully regained the value lost yesterday.

    As docspor said, markets are based on expectations. After the Congress was unable to work out their dispute over the weekend, the markets anticipated a government shutdown with far more certainty, and adjusted the value of affected firms.

    The first day of a shutdown was, therefore, accounted for in trading yesterday, making trading today more based on the usual issues of individual firm profits. If this drags on for a length of time that is longer than the market currently anticipates (which of course is difficult to quantify), the market will likely decrease again to account for that (although this decrease could be in the form of gains not realized).
  8. mocgator
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    mocgator Well-Known Member

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    I hope this "shut down" goes on for weeks so people see we don't need this bloated federal government to stay at it's current size.
  9. gatordowneast
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    gatordowneast Well-Known Member

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    Who has noticed besides the visitors to our national parks, the ww2 vets who stormed the monument and CNN?
  10. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Probably the ~800,000 workers who were told to stay at home indefinitely without pay today, for starters.
  11. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Noticed what? That they did it?
  12. g8trjax
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    g8trjax Well-Known Member

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    Don't they have a reasonable expectation of it just being a couple of paid days or weeks off?
  13. gatorman_07732
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    gatorman_07732 Well-Known Member

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    Actually the House is working on bills to fund the National Park Service, portions of the Department of Veterans Affairs and operations for the District of Columbia. They need 2/3thirds vote in the house, but if they pass then things will get interesting.
  14. diehardgator1
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    diehardgator1 Well-Known Member

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    obama could skip one of his $4 Million dollar vacations and pay them for a while
  15. GatorBen
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    GatorBen Well-Known Member

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    If by "a while" you mean approximately 42 minutes, even assuming that every single one of them is earning minimum wage.
  16. fastsix
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    fastsix Well-Known Member

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    Why? Obamacare is funded regardless.
  17. gatorman_07732
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    gatorman_07732 Well-Known Member

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    Why what?
  18. g8trjax
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    g8trjax Well-Known Member

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    I bet his dog walker is still working.
  19. mdgator05
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    mdgator05 Premium Member

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    So who cares that NIH can't add anybody to medical trials? Not like those are important or anything. Just make sure I can go to National Parks as a tourist.

    Tourism>Life saving research.

    http://www.washingtonpost.com/blogs...vent-kids-with-cancer-from-getting-treatment/

  20. fastsix
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    fastsix Well-Known Member

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    Why will it get interesting? The goal of the Republicans is to kill Obamacare, this strategy doesn't accomplish that.

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