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Lulupoopsalot (88.36)

Becoming Less Optimistic

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November 27, 2012 – Comments (3)

Well after the elections I thought congress would be able to put partisanship aside and focus on what's best for the country.  What a naive, innocent, optimistic, notion.  I've now put my trailing stops on everything in anticipation of Congress screwing the American people yet again.  The spirit of compromise went away very quickly and partisan rhetoric now rules the legislative hallways again.  This is not a time for heroes in the market.  Take your profits and lick your wounds.  This is going to get ugly boys and girls.  But I sure hope I'm wrong.

3 Comments – Post Your Own

#1) On November 27, 2012 at 8:01 PM, awallejr (83.92) wrote:

Well I found it amusing that this all changed after Grover Norquist appeared on Kudlow in his nice expensive suit and tie paid for by some secret organization and stated flat out that even considering any capping of deductions would violate "The Pledge."

Thereafter the Republicans started changing their tune.

All I want right now is for the House to pass the bill before them which extends the tax cuts for 98% of the people.  Both sides do support this. The rest they can work out later.  But I am telling you right now I know I will hold the Norquist Republicans accountable should this fail to happen since the ONLY reason why they are holding it up is as leverage.  And it angers me that they would hold up the vast majority of the Country because they are somehow beholden to this skunk of a lobbyist.

Mark my words the country won't be happy and the Republicans will lose many more seats come next election.

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#2) On November 27, 2012 at 8:52 PM, TheDumbMoney2 (98.57) wrote:

Meh.  I am changing nothing.  I continue to contribute to my 401k.  Everybody is talking about how we have half a century of bad growth coming.  That's exactly the opposite of what people were saying in 2000.  I think Congress will eventually get its act together, and our secular bear market that began in 2001 probably has probably another two-to-five years left in it. 

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#3) On November 28, 2012 at 12:07 AM, awallejr (83.92) wrote:

Secular shmecular, that is nothing more than a made up event.  I submit we are in a secular bull market, so there ;p  What really matters is what ultimately happens and NO ONE knows for sure.  But one thing I do submit, if the Norquist Republicans continue to dance to the "Pied Piper Grover" they will wind up going off a cliff and they can kiss their house majority good bye.

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