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Old 02-28-2013, 12:30 PM  
La literatura La literatura is offline
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Sequester and Dow Jones

Why isn't the market reacting to sequestration?

We're on the brink of a seeing DJIA reach a new record high.
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Old 02-28-2013, 12:36 PM   #2
Garcia Bronco Garcia Bronco is offline
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You'll see a slight drop(which is a good time to buy), but many analysts are not predicting a 10 percent drop. In fact a 2.2 reduction in spending should on some level to strengthen us from a market POV. However it's not nearly enough. We need another 25 to 30 percent drop in spending to really get us going in the right direction
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Old 02-28-2013, 01:33 PM   #3
petegz28 petegz28 is offline
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Originally Posted by La literatura View Post
Why isn't the market reacting to sequestration?

We're on the brink of a seeing DJIA reach a new record high.
This is a good question. After all, the world was ready to come to an end accroding to the Admin.
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Old 02-28-2013, 01:44 PM   #4
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'Cause there isn't really anything to react to.
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Old 02-28-2013, 02:23 PM   #5
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airplanes will start crashing,fire departments will run out of water, naval ship yards will run out of welding rod, teachers will have no note book paper,police departments wont have fuel for their cars, OHHHHHHHH! the humanity

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Old 02-28-2013, 02:28 PM   #6
Garcia Bronco Garcia Bronco is offline
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It's also worth adding that since they don't really know what they're going to cut it's difficult to determine an impact.
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Old 02-28-2013, 03:41 PM   #7
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airplanes will start crashing,fire departments will run out of water, naval ship yards will run out of welding rod, teachers will have no note book paper,police departments wont have fuel for their cars, OHHHHHHHH! the humanity

Human sacrifice, dogs and cats living together....Mass hysteria!
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Old 02-28-2013, 05:31 PM   #8
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'Cause there isn't really anything to react to.
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Old 02-28-2013, 05:50 PM   #9
Taco John Taco John is offline
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Originally Posted by La literatura View Post
Why isn't the market reacting to sequestration?

We're on the brink of a seeing DJIA reach a new record high.
It's already priced in. The market has expected this to happen for some time now.
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Old 02-28-2013, 06:03 PM   #10
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I'm locking in a rate for the purchase of a house tomorrow. The loan officer says rates will be cheaper tomorrow than today.

I think the market has got used to the Washington brinkmanship.
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Old 03-01-2013, 12:51 AM   #11
ChiefRocka ChiefRocka is offline
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Human sacrifice, dogs and cats living together....Mass hysteria!
Great quote from a great actor.
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Old 03-01-2013, 06:46 AM   #12
mlyonsd mlyonsd is offline
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And guess what people. This isn't over. We get to go thru this again this January to cut $100 billion more.

The ironic thing is this doesn't even reduce our debt. It will continue to skyrocket.

JFC the American public is stupid.
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Old 03-01-2013, 06:50 AM   #13
BigRedChief BigRedChief is online now
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And guess what people. This isn't over. We get to go thru this again this January to cut $100 billion more.

The ironic thing is this doesn't even reduce our debt. It will continue to skyrocket.

JFC the American public is stupid.
January? I thought the next manufactured "crisis", "shoot yourself in the foot" Armageddons are due in April and May?
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Old 03-01-2013, 06:56 AM   #14
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