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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Dots

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Wednesday, December 19, 2012

Obama Gets "No Respect"

 
Time's "2012 Person of the Year" award winner, President Obama, gets "no respect," as Boehner aide says that Obama's planned veto of their "Fiscal Cliff" 'Plan B' is "bizarre and irrational."

Since markets rallied after that remark, I can only assume that they see "going over the cliff" as a positive.

He really should just pack up and go on vacation.

 
 
***UPDATE: By the end of the day, equity markets declined and closed at/near their low of the day...the see-saw continues.
 
***UPDATE December 21, 2012 ~ Boehner's (Merry?) Christmas gift to Americans: After John Boehner's 'Plan B' failed to garner support among his own Republican party members and the House vote was cancelled, the S&P 500 Futures Index dropped 50 points last night in a matter of minutes and global indices around the world are deeply in the red this morning. Gee, I wonder whose thinking is "bizarre and irrational" in the "Fiscal Cliff" negotiations? In his prepared 10:00 am press conference speech today, Boehner turned the resolution of the "Fiscal Cliff" issue over to the President and said "Merry Christmas"...I guess he has no more ideas. It does not sound like he and his Republicans are willing to compromise on a deal. Merry Christmas, indeed!