Dow down 273 better raise the debt ceiling

Rickshaw Man

Rickshaw Man

This is the arm twisting that will occur the longer they wait on raising the debt ceiling . All that free fed money they have been handing out will now be used in reverse to hold the markets as hostage.
 
Quote from Rickshaw Man:

This is the arm twisting that will occur the longer they wait on raising the debt ceiling . All that free fed money they have been handing out will now be used in reverse to hold the markets as hostage.
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Even better: let's do away with the money! Everybody make a list with all that you want! And if you don't want to work either, put it on your list too!
 
If you watched the futures last night after the vote and this morning thru the Europe open, this move had little, if anything, to do with the vote.

As James Carville would say, "it's the economy, stupid."
 
I think the debt ceiling would be raised no matter what. Uncle Sam is not in danger of default. The market action today was about a lot more than the debt ceiling IMO.

That being said, QE3 will be coming down the pike in the near future as the market and the economy sputters. Count on it.
 
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