ES Journal - 2012

Thanks everyone. I hope you all had a profitable day.

 

What is the likely reaction if even a severe compromise is agreed upon?

 

DEMTDAYBOYZLUVGREEN

:eek:

 

Asking 1419 for a new short with a stop at 1420.5

 

they delay a selloff and the banks can selll tomorrow and clear the trades on the 1st,delaying taxes until 2014

 

So this is just the beginning of the selling

 

I doubt there will be a compromise. They have not been able to come up with one when the deal was cut to go over the cliff when they negotiated the new debt ceiling. That was over a year ago. White House too stubborn and if they cut spending they risk the senate in 2014 and election in 2016.

If one is reached (it will be a lame one if that), market will react positively of course since Ben and his boys will be buying. Retail will jump on board and that is when they will really slam it down. Last 6 days was just practice.

 

they may push it up 1st,better prices to short

 

No one knows the outcome, these are very interesting times, better to trade it one day at a time using nothing but price.

 

http://www.wallstreetinsightsandindictments.com/2012/12/the-comedy-of-john-boehners-plan-b/ banks are broke? they have been making a killing in the market with practically free int money,where does it go,follow the money