Looks like the stupid committee failed, automatic cuts to happen

nutmeg · Nov 20, 2011

"S&P recently said that a 'watered down' package from the Super Committee would put downward pressure on the rating. Moodyâs said the outcome of the Super Committee would be informative but not decisive for its rating analysis."

Archin · Nov 20, 2011

Quote from KINGOFSHORTS:

http://www.cnbc.com/id/45375696

Looks like the whole thing was nothing but wheels spinning. At least the 1.3 trillion cuts will happen anyways.

They should have not bothered and just announced the cuts from day one.

Will be interesting how this will impact the holiday trading week.

Since its pretty obvious Obama will be relected (GOP candidates a total joke, not one viable candidate except Huntsman)

We can expect 4 more years of gridlock.

This will mean another good 4 years of selling options again.

Automatic cuts as a backup was a great plan, 1.3 trillion over a long period isn't much though.

tomahawk · Nov 20, 2011

Quote from Playmaker21:

There needs to be some kind of punishment for these corrupt politicians failing to act. When will people get sick enough of this garbage and throw these criminals into prison.

In the real world when people fail to do their job they get fired. Why should this be any different? There needs to be a huge public push to vote every one of these self-serving shmucks out of Washington and into an orange apron at Home Depot.

Forget OWS, it should be just "OW!" (... Washington).

KINGOFSHORTS · Nov 20, 2011

Looks like markets will gap down monday.

stock777 · Nov 20, 2011

this is what you get with a dog catcher in the white house

terr · Nov 20, 2011

Um, why do people think that the "automatic cuts" will happen?

It is pretty clear that in the 13 months (I think) until the "automatic cuts" will take effect the law that mandates them will be changed.

AKUMATOTENSHI · Nov 20, 2011

Quote from KINGOFSHORTS:

Looks like markets will gap down monday.

Wathcing the metals. Looks like a flat day for tommorow. Wall Street does not really care what DC does they just work around them. It does make it easier to trade, it means keep your current positions on and sit back and wait. I don't hace much faith in anything getting done in in DC until afer the 2012 election. Any non decision will be used as political amunition for the debates. The Fed has few tools left in its toolbox and not alot of political backing.

Welcome to Planet Misery,

Akuma

BUY MORE GOLD!!!!

siafx · Nov 20, 2011

Quote from Playmaker21:

There needs to be some kind of punishment for these corrupt politicians failing to act. When will people get sick enough of this garbage and throw these criminals into prison.

Too bad someone can't sue for political malpractice! When they churn the usual endless BS, some hotshot lawyer and an official affronted citizen rip their lifetime pension and medical benefits away, AND makes him give back all his insider trading gains. Wouldn't that be sweet.

Bob111 · Nov 20, 2011

Quote from Playmaker21:

There needs to be some kind of punishment for these corrupt politicians failing to act. When will people get sick enough of this garbage and throw these criminals into prison.

very simple-failed to act and do their job 'properly"? kick them ALL out without any benefits or salary or pension. ALL of them,regardless,who's fault that is..just like that. make sure that they all walk out of congress holding their shit in the plastic bin...just like everybody else,who's failed..

ammo · Nov 20, 2011

Quote from Bob111:

very simple-failed to act and do their job 'properly"? kick them ALL out without any benefits or salary or pension. ALL of them,regardless,who's fault that is..just like that. make sure that they all walk out of congress holding their shit in the plastic bin...just like everybody else,who's failed..

just vote the mukerfuthers out,all dems,all reps,dont ever vote for one again,time for the dinosaur to become extinct