Post by sd on Jan 1, 2013 17:56:23 GMT -5
My last trade of 2012- I purchased 10 FAS as the market was rallying higher on the 'news' DEc 31.
This will be my speculative (gamble) position, betting that this partially accepted deal will be ratified by the house. At this point in time, it is debatable whether it will indeed be approved Cantor saying he is not in favor of this bill- We have a split between Boehner & Cantor it would appear- The House is still meeting at this posting, and the world is indeed waiting-
There was a large % of the Senate members that ratified the proposal, and the House Republicans will indeed be seen as throwing the average American under the Tax Increase Bus-
All the while Congress has voted and passed themselves a raise!
This is indeed hard to believe!
Back to the Trade- I expect that something will get passed, and the markets will rally a bit higher- Perhaps much of that is already 'baked in" to the markets. Expect a bounce or pop higher , and then some deflating of the enthusiasm.
Should it not get passed, and get pushed back to the "new Congress" Jan 4 to resolve, There will be a resolution- Eventually -
The possible volatility should be a short term trader's bread and butter-
We did not just slide into this fiscal mess - It's been heading in this direction from the occupancy of George W. Our inability to effectively come to grips and deal with this is an ongoing issue- We may get past this immediate concern, but we have others waitng in the que.
The debt ceiling, student debt/loans, our standing in the World as a fiscal power- all are upcoming issues that will be affecting our market.
This is reflected in the end results in the world stage, where the US has not been leading the world's prosperity-
This will be my speculative (gamble) position, betting that this partially accepted deal will be ratified by the house. At this point in time, it is debatable whether it will indeed be approved Cantor saying he is not in favor of this bill- We have a split between Boehner & Cantor it would appear- The House is still meeting at this posting, and the world is indeed waiting-
There was a large % of the Senate members that ratified the proposal, and the House Republicans will indeed be seen as throwing the average American under the Tax Increase Bus-
All the while Congress has voted and passed themselves a raise!
This is indeed hard to believe!
Back to the Trade- I expect that something will get passed, and the markets will rally a bit higher- Perhaps much of that is already 'baked in" to the markets. Expect a bounce or pop higher , and then some deflating of the enthusiasm.
Should it not get passed, and get pushed back to the "new Congress" Jan 4 to resolve, There will be a resolution- Eventually -
The possible volatility should be a short term trader's bread and butter-
We did not just slide into this fiscal mess - It's been heading in this direction from the occupancy of George W. Our inability to effectively come to grips and deal with this is an ongoing issue- We may get past this immediate concern, but we have others waitng in the que.
The debt ceiling, student debt/loans, our standing in the World as a fiscal power- all are upcoming issues that will be affecting our market.
This is reflected in the end results in the world stage, where the US has not been leading the world's prosperity-
