This is the week to watch the market

Discussion in 'Too Hot for Swamp Gas' started by oragator1, Oct 13, 2013.

  1. oragator1
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    oragator1 Premium Member

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    Here is where we will see how big the debt ceiling game of chicken is. Dow futures for tomorrow are already down 100 points and I heard an analyst say that if we breach our debt the S&P could lose 45%. Just the fear of getting caught behind that could trample the markets in a hurry, even if we have the ability to pay our bills.
    But on the plus side, it may be the markets that force a resolution, if the market really does go into panic mode, it will force the morons in DC to finally solve it.
  2. tegator80
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    tegator80 Well-Known Member

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    My prediction: the market will "panic" over the lack of progress and then the members of congress will get phone calls saying they need to do "something." Then they will pass a "kick the can" resolution and the market will go back up.

    But one of these days they will act bombastic and everyone will yawn. And then that is the day we go down and keep on going down. But when?
  3. PowerGator
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    PowerGator Premium Member

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    Sounds about right to me.

    Sent from my iPhone using GatorCountry
  4. dadx4
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    dadx4 Well-Known Member

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    Earnings are suppose to be REALLY bad this week as well.
  5. G8trGr8t
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    G8trGr8t Premium Member

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    depends on the sector. domestic oilers had a very good third quarter
  6. dadx4
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    dadx4 Well-Known Member

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    I have been hearing financials.
  7. surfn1080
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    surfn1080 Well-Known Member

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    Expect interest rates to get better this week unless we see strides in a deal.
  8. GatorEcon
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    GatorEcon Member

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    Disagree. But we shall see.
  9. vaxcardinal
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    vaxcardinal Well-Known Member

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    so stocks should be on sale this week...time to buy

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