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Misc Stock Market

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Mccarthy said he will give legislative branch 3 days to review bill. This gives 96 hours for a compromise or Biden will use the 14th amendment to avoid default.
 
Rotation from DOW to TECH ongoing. Tech trade is very very crowded...

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Btw the debt ceiling deal was struck about a week ago. The rest is for show. I was told they will announce a deal Saturday and pass both houses either Sunday or Monday.
 
No snow for you said:
Btw the debt ceiling deal was struck about a week ago. The rest is for show. I was told they will announce a deal Saturday and pass both houses either Sunday or Monday.
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Of course. There is no way they will default. It's a real head-scratcher to me why anybody is dopey enough to even worry about it. This happens. every. time. Oh but this time Moody's has put us on a downgrade watch!!!!!1!11 haha ok
 
Rain Cold said:
Of course. There is no way they will default. It's a real head-scratcher to me why anybody is dopey enough to even worry about it. This happens. every. time. Oh but this time Moody's has put us on a downgrade watch!!!!!1!11 haha ok
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We will see. They may get a deal, but getting the votes for it to pass is another matter.
 
JHS said:
We will see. They may get a deal, but getting the votes for it to pass is another matter.
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It ALWAYS works out. 100% of the time. Everything about this is for show. They want you to worry and get emotional about it. Stop falling for it.
 
CNY continues to weaken and Tech is just going nuts. Really feels like late 90's with lots of trapped shorts and add on top zero dated options.
 
No snow for you said:
Btw the freedom caucus is going to try and block but I doubt they are successful
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They may very well be successful. Tonight, in fact. The deal may not even get a vote. If they block this tonight, the stock market will lose 20% of its value tomorrow. May want to get out of the market as soon as possible.
 
JHS said:
They may very well be successful. Tonight, in fact. The deal may not even get a vote. If they block this tonight, the stock market will lose 20% of its value tomorrow. May want to get out of the market as soon as possible.
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As far as I know, Massie is a yes, so the Freedom Caucus members have no path on rules to blocking the bill from coming to the floor.
 
JHS said:
They may very well be successful. Tonight, in fact. The deal may not even get a vote. If they block this tonight, the stock market will lose 20% of its value tomorrow. May want to get out of the market as soon as possible.
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Disagree. If they block this tonight, the stock market will lose 90% of its value tomorrow.
 
JHS said:

If this is right, it would take all 9 Republicans to get this out of Rules.
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They are claiming McCarthy agreed to give all republicans on the committee veto power. I doubt that is the case bc that is the first anyone has heard of that. If that was the case the Freedom caucus should have been the group putting the deal together. It will pass but could cost McCarthy his speakership (he should have never been speaker to begin with).
 
Debating what to do with my Nvidia. Wish I had more shares of course but it's been a hell of a ride. A double top here and I probably dump some shares.
 
KyloG said:
Somebody got some fomo …look at that volume bar. I haven’t seen any news but I guess that’s irrelevant ?‍♂️

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This thing may blow the top off today, let's ride!!

Btw, about 51% of that volume was short volume, this is really about to get interesting. If the company would drop a PR about a deal with an OEM, goodness
 
metwannabe said:
This thing may blow the top off today, let's ride!!

Btw, about 51% of that volume was short volume, this is really about to get interesting. If the company would drop a PR about a deal with an OEM, goodness
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Vix at 14 and lots of shorts. It is just waiting to pop with short covering. Just need the machines to flip
 
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