Monday a.m. Market Mayhem
Obama/Market Mayhem Monday a.m. ?
Submitted by DarkPurpleHaze on July 22, 2011I've never seen that look or tone or demeanor from him yet so it seems like the talked about compromise (still crap) deal is off the table.
It looks like were headed towards that nasty maket event on Monday a.m. unless something drastic happens over the weekend. That looks unlikely. The Prez. almost laughed at a question about the markets reaction to this on Monday but then he caught himself.
IMO the Repub.'s will do anything to not let O'Bummer get re-elected. Including crashing the country into a "strategic" default they think (in their delusional arrogance) they can control and that the markets will accept. Huh?!?! Really????
I don't know what's going to happen Sunday night but at this point we are almost literally on the precipice of default. The PM's should reflect that at 6:00 p.m. Sunday night and not look back at $1600 or $40 if they were actually left alone to truly reflect a free market price.
I'm looking for a wild EE attempt at a beatdown Sunday night as it's looking like the PM's and oil might just spike up hard. I just don't see the EE letting that happen easily.
