The fringe Democrats and Republics aren't going to get want they want. Too bad. Suck it up and do what is right for the Country and not for party!
May the force be with us.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
I agree with many here, that the "fringe" on both Dem and GOP are not going to get their way, even Massie, a very conservative congressman on the rules committee yesterday voted to forward the bill to a vote in the House.
The Senate tends to have more "Adult Leadership" thru its ranks, and many of them still remember the sharp market drop of 20%+ and the Moody's downgrade of US debt back in 2011, back then those who pushed for default, were blamed in the media and by the public, so I feel that yesterdays Rules committee vote was the big hurdle, and that this bill will go thru the House tonight and get passed by the Senate in time for June 5th.
I exited stocks a week ago, locking in modest monthly gains, might even end up in the top 10 for May given this mornings downward action....so considering putting my $$ where my mouth is, and using 2nd May IFT to go back into stocks COB today....at least into the first part of June.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Latest:
https://www.cnbc.com/2023/05/31/debt...ouse-vote.htmlA package of rules advancing the Fiscal Responsibility Act passed by a vote of 241-187, with 52 Democrats siding with Republicans to support it and 29 Republicans voting against the measure, along with most Democrats.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline
https://www.cnbc.com/2023/05/31/debt...ouse-vote.html
Crickets in the overnight futures market so far.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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