Could the stock market tank if a debt deal isn't done by the deadline? | TigerDroppings.com

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hikingfan
USA Fan
Member since Jun 2013
697 posts

Could the stock market tank if a debt deal isn't done by the deadline?


If neither side blinks and somehow a deal isn't done on time, what are the broader ramifications of that? Will the markets tank? Could we go into another recession? Could it affect the global economy?






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udtiger
LSU Fan
Louisiana
Member since Nov 2006
24320 posts
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re: Could the stock market tank if a debt deal isn't done by the deadline?


Could it? Of course.

Will it? Only if the petulant child instructs the Secretary of the Treasury to NOT service US debt with existing revenues.






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Lsut81
USA Fan
Member since Jun 2005
64135 posts

re: Could the stock market tank if a debt deal isn't done by the deadline?


Market is up now that Moody's has come out and said that the US will not default on creditors and our rating will not be downgraded.





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LSURussian
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Baton Rouge
Member since Feb 2005
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re: Could the stock market tank if a debt deal isn't done by the deadline?


quote:

Could the stock market tank if a debt deal isn't done by the deadline?

I sure hope so. I'm getting tired of holding all this cash in my brokerage accounts.






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evil cockroach
LSU Fan
27.98N // 86.92E
Member since Nov 2007
5126 posts

re: Could the stock market tank if a debt deal isn't done by the deadline?


isn't cash a good investment if the market tanks?





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southernelite
Iowa State Fan
New Orleans
Member since Sep 2009
40813 posts

re: Could the stock market tank if a debt deal isn't done by the deadline?


quote:

isn't cash a good investment if the market tanks?



I think he's interested in scooping up some investments on the cheap.

Same way in 2008, if you have the cash when the market tanks itself to inject, it'll pay off greatly in the long run.






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
30387 posts
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re: Could the stock market tank if a debt deal isn't done by the deadline?


I have almost all cash

deciding whether I should use it to
a) invest
or
b) start my emergency fund






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80452 posts
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re: Could the stock market tank if a debt deal isn't done by the deadline?


This is what I'm referring to....

(Posted on 2/14/09 at 11:48 am) March 6, 2009 was the bottom of the stock market during the 2007/2009 financial crisis






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
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re: Could the stock market tank if a debt deal isn't done by the deadline?


subtle brag





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ell_13
USA Fan
Alex Box
Member since Apr 2013
21846 posts
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re: Could the stock market tank if a debt deal isn't done by the deadline?


quote:

obvious brag


But hell of a call.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80452 posts
 Online 

re: Could the stock market tank if a debt deal isn't done by the deadline?


quote:

subtle brag
I didn't intend for it to be subtle....






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
30387 posts
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re: Could the stock market tank if a debt deal isn't done by the deadline?


they seriously need to put a sarcasm meter on here

would have been prime opportunity for me to use it






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90proofprofessional
LSU Fan
Member since Mar 2004
8845 posts

re: Could the stock market tank if a debt deal isn't done by the deadline?


quote:

This is what I'm referring to..

i actually remember that thread, and remember thinking "frick it, might as well go in" that very same week. that's paying off

thanks, if i never said so






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80452 posts
 Online 

re: Could the stock market tank if a debt deal isn't done by the deadline?


You're welcome.

We both more than doubled on what we bought within 4 years.






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