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Apoco · 08-02-2011, 11:01 AM

Debt ceiling bill has officially passed through. Still a lot of tension regarding where the budget cuts will hit and what amounts. I'll be watching the stock market today to see what the knee-jerk reaction is.

EDIT: Already spiking up. Look to see what happens on August 2nd, 2011 from 1:00PM (eastern time) and on. A lot of fear regarding imminent melt down has been resolved but there is still the possibility of a downgrade from Moody's and a likely downgrade from S&P (they've stated a $4 trillion budget cut would be required for the US gov't to maintain its AAA rating).

Whether or not the increase will sustain, continue to increase, or resume decreasing is honestly a crapshoot in my mind.
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08-02-2011, 11:01 AM	#1
Apoco Nerd with social skills Join Date: May 2010 First Name: Alex Location: Chattanooga, TN Posts: 1,286 Trading: (37)	Re: Stock market speculation? Debt ceiling bill has officially passed through. Still a lot of tension regarding where the budget cuts will hit and what amounts. I'll be watching the stock market today to see what the knee-jerk reaction is. EDIT: Already spiking up. Look to see what happens on August 2nd, 2011 from 1:00PM (eastern time) and on. A lot of fear regarding imminent melt down has been resolved but there is still the possibility of a downgrade from Moody's and a likely downgrade from S&P (they've stated a $4 trillion budget cut would be required for the US gov't to maintain its AAA rating). Whether or not the increase will sustain, continue to increase, or resume decreasing is honestly a crapshoot in my mind. Posted via Mobile Device Last edited by Apoco; 08-02-2011 at 11:09 AM.