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Not as bad as I thought, at least so far. Futures have been down around 100 since their opening. I believe the link below updates every few minutes or so and is delayed 10 minutes. If you get the Fox Business News station the futures are in real time at the bottom of the screen. My fear is there has been too much complacency that a deal will get done and not to worry about a default.
What a disaster. We should all be more focused on GE and BAC earnings reports this week. Oh, and the Mutual Fund Observer conversation with Zachary Wyndra of Beck, Mack & Oliver on Wednesday!
Reply to @Junkster: What a waste of time it is, every year! "Entropy Rising" should be our name for DC. I know we need to pay attention to it, and I've tried to posture accordingly if that's possible, but I would really rather be focused on earnings.
This is a nice and easy read (including the bar graphic lower on the page) for broad based areas, (currency, some bonds, metals) although leans to commodity areas. This does update realtime, and/or when you choose to refresh the page. You may also click upon any item for a singular view. A nice overview in general.
Tomorrow is Columbus Day October 14. The bond markets are closed. But the stock markets are open. I do think maybe it would be better if the stock markets were closed. Oh dear me
Reply to @Charles: The USA has survived worse situations and will survive this. One party will probably be in the doghouse for awhile but will survive.
Reply to @Hogan: Yes - The sight of Palin & Cruz cheering-on the throng at the national mall in Washington today gave me great confidence. (I haven't felt this good since Watergate:-)
I recall the wisdom of Charles Schultz, who said "The world is not going to end today. It is already tomorrow in Australia." I think the fools on network and cable should take a heavy dose of that philosophy. But, of course, that would not scare people and sell advertising, would it?
Reply to @hank: one side wants to be rewarded for believing in the culture of default. They want to leverage that belief or fake belief. That should not be rewarded by either side.
I don't want to jinx it but looking good so far as we are in positive territory. Nice call Ted. The conventional wisdom (and I hate conventional wisdom) is to add to positions when they are down over the debt/shutdown fears. I was hoping for a much bigger and longing lasting selloff this morning and was only able to add to HAL and initiate a new position in a Bakkan play, KOG. But who knows, with three hours left we could still revert to negative and close near the lows. Still believe junk bonds are the place to be in bondland. OK, enough of this short term stuff which for most is meaningless to your long term wealth.
Comments
"not about keeping the economy afloat, is not about preserving jobs, but merely keeping the stock market at or near its all time highs:"
http://www.zerohedge.com/news/2013-10-12/chuck-schumers-bottom-line-dont-hurt-stocks
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-dow.html
The more actively traded S&P futures link is below
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500.html
This is a nice and easy read (including the bar graphic lower on the page) for broad based areas, (currency, some bonds, metals) although leans to commodity areas.
This does update realtime, and/or when you choose to refresh the page. You may also click upon any item for a singular view. A nice overview in general.
FINVIZ
I also use this for realtime global equity views LINK
This link should be set to Asia, but you may select any tab to switch locations.
Take care,
Catch
Hey, all this reminds me of a new book I've put on my reading list:
It's Even Worse Than It Looks: How the American Constitutional System Collided With the New Politics of Extremism, by Thomas Mann and Norman Ornstein
Regards,
Ted
http://finance.yahoo.com/portfolio/pf_13/view/v2
Ted October 12 EditFlagReply
Reply to @Charles: Anytime their still talking, I consider it progress ! Futures are strong, and I believe we will have an up day Monday.
Regards,
Ted
Regards,
Ted