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S&P 500 futures +0.4% don't yet suggest a positive tone to tomorrow's open. Futures...

S&P 500 futures +0.4% don't yet suggest a positive tone to tomorrow's open. Futures continued to fall Friday following the close of stock trading. The gain this evening just brings the S&P back to where it stood at 4PM Friday afternoon. Earlier: Still no deal.
Comments (19)
  • Macro Investor
    , contributor
    Comments (8200) | Send Message
     
    Up, up and away tmrw if we get a deal. 2014 Dem controlled House if we don't. Win-win.
    30 Dec 2012, 08:19 PM Reply Like
  • EMS
    , contributor
    Comments (562) | Send Message
     
    "2014 Dem controlled House if we don't. Win-win".

     

    ----- Please enlighten me, who exactly wins if the House goes Democrat (aside from you, and your obvious Liberal affectation) ?
    30 Dec 2012, 08:37 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8200) | Send Message
     
    Isn't 51% of the country winning enough?
    30 Dec 2012, 08:39 PM Reply Like
  • Jolly_Rancher
    , contributor
    Comments (546) | Send Message
     
    We'll get progress and certainty when one party controls both branches. Doesn't matter which one.
    30 Dec 2012, 09:32 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8200) | Send Message
     
    I prefer Democrats. The Republicans tend to start stupid wars when they have total control.
    30 Dec 2012, 09:37 PM Reply Like
  • FreedomWillWin
    , contributor
    Comments (38) | Send Message
     
    Like Vietnam?
    30 Dec 2012, 10:03 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8200) | Send Message
     
    Iraq. I was not born when Vietnam started.
    30 Dec 2012, 10:05 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Dems and Repubs both like stupid wars. They just pretend they don't when they aren't in power at the time.

     

    The real threats to the U.S. are on K-Street in Washington, but we don't have any defense against them.
    30 Dec 2012, 10:32 PM Reply Like
  • mike8599
    , contributor
    Comments (578) | Send Message
     
    Bingo, folks like Macro have a short timeline, Dems tend to start / partake in more aggressive foreign policy, partially because of the weakness they project here at home, ie massive debts, bad economy because of over regulation etc.

     

    I believe Obama's Afgan war has taken more lives than the Iraq war.

     

    By 2014 no one will remember the fiscal cliff. (In Nov no one remembered Obama ruined the economy for 4 years and devalued the dollar.) The only way to hold the dem base is to continue entitlements.
    30 Dec 2012, 11:22 PM Reply Like
  • Petrarch
    , contributor
    Comments (625) | Send Message
     
    Don't worry. There will be no deal
    Obama does not want a deal
    Reid does not want a deal
    Pelosi does not want a deal

     

    The three stooges want to raise taxes and spend, spend, spend

     

    Good luck. Within 3 to 4 years you will have the IMF calling the tune.

     

    Don't blame me I voted for Romney

     

    P
    30 Dec 2012, 08:49 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    "Don't blame me I voted for Romney?" Really? He would have just funneled even more of our nation's wealth to his Wall Street banking buddies than Obama and Bush already have.

     

    Romney had zero plans to cut any spending either.... AND wanted to go to war with Iran.

     

    You guys have got to wake up and realize that the Dems AND Repubs play for the same team... and it ain't the one we're on.
    31 Dec 2012, 07:33 AM Reply Like
  • mvs231
    , contributor
    Comments (5) | Send Message
     
    Buy the Rumor Sell the news! deal or no deal, see you at 1360
    30 Dec 2012, 09:02 PM Reply Like
  • jayridescarbon
    , contributor
    Comments (258) | Send Message
     
    Nah, I'd rather blame you.

     

    Macro Investor: Thank you for your persistence in presenting the majority position ( in the country), but the minority position here. I agree with your posts across the many threads that have turned political, but have neither the patience or articulation to present the case as you have.

     

    Happy New Year (and happy to go over the cliff).
    30 Dec 2012, 09:05 PM Reply Like
  • tclark13
    , contributor
    Comments (133) | Send Message
     
    We'll get a deal. More taxes, more spending, a bigger deficit and debt, which if I recall correctly was supposed to be addressed in these negotiations. But it doesn't really matter. Nobodys talking about it with the fiscal cliff on the front burner but the second that's "solved" we get to start the debt ceiling debate! Complete with posturing, finger pointing and the threat of America going into default! What fun!
    30 Dec 2012, 10:59 PM Reply Like
  • StratGuy
    , contributor
    Comments (6) | Send Message
     
    Dem strategy:

     

    Let taxes rise
    In Jan ... pass a 2013 tax cut for those under $200k ... raises maybe $500 billion
    Cut defense spending $120 billion

     

    Redistribute to the base.

     

    His 51% of electorate will LOVE him.
    31 Dec 2012, 12:17 AM Reply Like
  • Macro Investor
    , contributor
    Comments (8200) | Send Message
     
    Good strategy eh? And the Republicans can do nothing.
    31 Dec 2012, 12:26 AM Reply Like
  • muckdog
    , contributor
    Comments (57) | Send Message
     
    I don't really want to pay more in taxes, but if the country does go over the cliff I think it will be an inportant lesson for all of those who think the Bush tax cuts only cut taxes for the rich.

     

    An important lesson indeed.
    31 Dec 2012, 01:26 AM Reply Like
  • t4turk
    , contributor
    Comments (6) | Send Message
     
    "Buy the Rumor Sell the news! deal or no deal, see you at 1360"

     

    well said mvs231. I totally agree. then expect a 50-70 up move. but if 1360 does not hold, it is all the way to 1200.
    31 Dec 2012, 02:14 AM Reply Like
  • Macro Investor
    , contributor
    Comments (8200) | Send Message
     
    OK, so as I predicted, this market is going higher.
    31 Dec 2012, 10:35 AM Reply Like
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