Cast Your Vote: What Will Happen on Aug. 02, 2011?

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pattern39

Cast your vote, what will happen to the market on/after this day? As the thread starter, I hereby give you the reasoning behind one such scenarios.

Oops. I was supposed to attach a poll... Oh, well....

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The title of your thread tells me that you learned few things from shortie... including the subject matter and also forgetting to include the polls! Shortie Junior is in :)
 
Precisely. Even if the debt ceiling isn't raised the US will not default. The worst that could happen is a downgrade of the debt rating, which means higher rates but I have a feeling the government will lean on Moodys to stop that from happening. 8-2 will come and go just like any other day. Total non-event.

Quote from shortie:

nothing will happen. i am surprised the non-issue is still discussed
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