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Started By
Message
The House of Representatives Changes Jan. 3rd.
Posted on 1/2/23 at 4:35 pm
Posted on 1/2/23 at 4:35 pm
I'm expecting some kind of stock rally since it will hobble the spending binge. Having a foolish spending binge while the Fed fights inflation with interest hikes looks to me to be the height of economic stupidity.
8
Posted on 1/2/23 at 4:42 pm to Auburn1968
Is the house changing some sort of unpredictable event the markets wouldn’t have priced in?
Posted on 1/2/23 at 5:12 pm to Auburn1968
I expect nothing because this should be baked in following the elections in November right?
Posted on 1/2/23 at 5:25 pm to Highthoughts
quote:
house changing some sort of unpredictable event the markets wouldn’t have priced in?
Yeah a bit late for and market movements. No news here
Posted on 1/2/23 at 5:29 pm to Auburn1968
If anything, there feels like a pessimistic mood headed into this week.
I got gas for $3.20 / gallon this AM. Same gas station was $2.79 a couple weeks ago. That’s 15%.
Inflation will continue to choke the economy.
I got gas for $3.20 / gallon this AM. Same gas station was $2.79 a couple weeks ago. That’s 15%.
Inflation will continue to choke the economy.
This post was edited on 1/2/23 at 5:30 pm
Posted on 1/2/23 at 8:07 pm to Auburn1968
Rice Delman once pointed out that D-R-D (President-Senate-House) has never happened, and for the other 7 combinations the average S&P return is within 2 percentage points. So don't get emotional because you like/dislike the election results.
Posted on 1/2/23 at 8:17 pm to Auburn1968
Lol wut?
What in the past 6 years has showed you a change in command on a single branch will stop spending?
What in the past 6 years has showed you a change in command on a single branch will stop spending?
Posted on 1/2/23 at 9:36 pm to Auburn1968
quote:Will it though?
I'm expecting some kind of stock rally since it will hobble the spending binge.
Posted on 1/2/23 at 9:42 pm to Auburn1968
They already crushed the rally by dropping a 1.7tril spending bill
Posted on 1/3/23 at 8:45 am to Auburn1968
I remain cautiously optimistic due to Rhinos like McConnel, Cassidy, etc. but let's get going with the business at hand.
Stop the bleeding of our country and get us back to being the greatest country in the world.
Stop the bleeding of our country and get us back to being the greatest country in the world.
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