iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

DO NOT PANIC…YET

When the government shuts down, we will all laugh at the foolishness of Congress, particularly the GOP for wanting to shut it all down for the sake of “saving the country” from Obamacare. However, those smiles will quickly turn into frowns if this issue isn’t resolved by October 17th.

By then, the govt will have about $30 billion to its name and will have to default on its obligations, on purpose of course.

A reasonable person would surmise there to be zero chance that our leaders would willingly default on its debt.

But, pray tell me, how confident are you that these bozos can meet in the middle? The democrats and GOP are from different planets. They can’t agree on anything and the President never talks to anyone. He’s too busy playing golf and selecting Michelle’s “fall look’ costumes.

All in all, people get what they deserve. I am fully invested; but I am open to the idea of leveraging up on dips.

Let’s see how she opens.

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3 comments

  1. matt_bear

    bought the BALT dip.

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  2. clegger_2000

    Who is “Eddie Barzoon”?

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  3. jtourist36

    Look at a strong action of MHO today. It suggests that MHO is poised to go high once a market recovers from this tsunami.

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