11/29/2012 Live Update

[skittlesmds]

WTF?
is there news?

Politicians speaking I bet.

[TraderGirl]

WTF?
is there news?

Boehner speaking on CNBC...

[Petsamo]

Go short!!!!!!

They just want to set the low point on the candlestick. It'll be a fake bear raid. Da bears have no backbone

[gappy]

Bear raid in progress

Just a politico knee jerk by scalpers soon it will regress to mean.

[DRL]

WTF?
is there news?

http://www.ustream.tv/speakerboehner

[Cobra]

too bad, double top, here's the target.

[TraderGirl]

On my weekly chart it showed a small move up this morning, but I didn't think it would be much...but the chart says down into tomorrow...??? How much down??

[ClarkW]

WTF?
is there news?

Boehner speaking on CNBC...

Yup! Happy talks are over. Tough talk begins. We have to remember they are negotiating.

[Xian]

WTF?
is there news?

Boehner speaking on CNBC...

FWIW, this is actually good news. Boehner has to shoot down the Politico article I linked to earlier.

I mentioned that there are 2 primary options:

1 Do nothing. blah blah blah

2. Roll over, but first put up a fight.

Given the trouble he's had w/ the teabaggers people tend to forget that Boehner is a deal maker at heart. This is deal making. Increases the odds of option 2— roll over, but fight first.

EDIT: Still believe option 1 is most likely outcome at this point.

[Al_Dente]

WTF?
is there news?

http://www.ustream.tv/speakerboehner

Thanks DRL
Feckin’ politicians all of them
To me that is proof that cliff “progress” is already “baked in” and any SINGLE WORD to the contrary = a mini crash-ette
IMHO
INTRADAY ONLY
FWIW
etc........

[TradersF]

Well that was a nail bitting ride!!!!!
Still long TNA

[Sleeperz]

It is a given that the rich will be taxed more. The low income and middle class will be given tax cuts.
Only the details have to be worked out.

WTF?
is there news?

Boehner speaking on CNBC...

FWIW, this is actually good news. Boehner has to shoot down the Politico article I linked to earlier.

I mentioned that there are 2 primary options:

1 Do nothing. blah blah blah

2. Roll over, but first put up a fight.

Given the trouble he's had w/ the teabaggers people tend to forget that Boehner is a deal maker at heart. This is deal making. Increases the odds of option 2— roll over, but fight first.

EDIT: Still believe option 1 is most likely outcome at this point.

[BullBear52x]

I posted this chart on the weekend, well, think about it, do I have to wait until the MACD hist. to turn or nimble now, Money is not there to support it. WDIK? look candle

[skittlesmds]

Harry Reid is about to speak. Be careful of more wild swings.

[TraderJoe]

An old ‘joke’ – What do they say about ONE politician dead lying on the bottom of the ocean? A good start

[gappy]

WTF?
is there news?

It'll cause a little volatility til it's written in law, but then the scramble for gain has to go global cause it sure isn't here or Europe. The Fed will keep the minimum enough to be attractive floor under the market, but real return on investment is probably gonna be found in the Emergings.

[TraderGirl]

It is a given that the rich will be taxed more. The low income and middle class will be given tax cuts.
Only the details have to be worked out.

WTF?
is there news?

Boehner speaking on CNBC...

FWIW, this is actually good news. Boehner has to shoot down the Politico article I linked to earlier.

I mentioned that there are 2 primary options:

1 Do nothing. blah blah blah

2. Roll over, but first put up a fight.

Given the trouble he's had w/ the teabaggers people tend to forget that Boehner is a deal maker at heart. This is deal making. Increases the odds of option 2— roll over, but fight first.

EDIT: Still believe option 1 is most likely outcome at this point.

Agree...the GOP will give in eventually...they saw that their policies did not win the election...so they will have to give in if they want to have any chances of Republicans winning in the next election..they know they will give in, they just have to put on a show that they are standing up for their proposed policies to save face...

[KeiZai]

Too much bullishness out there I closed most of my longs today, but will buy back somewhere

GL all

[gappy]

An old ‘joke’ – What do they say about ONE politician dead lying on the bottom of the ocean? A good start

We like it down here when they are in session, keeps em out of town.

[KeiZai]

Keep an eye on dollar btw