——– Original Message ——–Subject: [reddragonleo] Re: The Truth About The May 6th 2010 FlashCrash And The Next Coming Stock Market Crash In 2011From: “Disqus” <>Date: Sun, July 31, 2011 6:56 pmTo: bill@habitants.com
Red Dragon Leo wrote, in response to silverbull2011: I wouldn’t be surprised if some gangster banksters like Goldman Sachs made a bet a like that… as they always know what is going to happen before it happens. Link to comment
silverbull2011 wrote:
Thanks Red for the new post. Wondering if you heard of a recent trade against the US, betting one Billion on a downgrade from AAA to AA. Link is: http://sgtreport.com/2011/07/t… Bill —–Options: Respond in the body to post a reply comment. To turn off notifications
We’ll see Robert… I’m not so sure about it. While there is still the possibility that we will go up to the 138.86 SPY FP, I’m not counting on it. The evidence points to a default, and the largest stock market crash ever. Of course it doesn’t mean a rally can’t happen first… they need to surprise the sheep as usual.
I wouldn’t be surprised if some gangster banksters like Goldman Sachs made a bet a like that… as they always know what is going to happen before it happens.
Here’s the outline of the debt ceiling deal as of now, according to officials on both sides:
* $900 billion in the first stage of deficit reduction.
*
$1.5 trillion in second stage of deficit reduction to be defined by a
bipartisan special committee of lawmakers appointed by leaders of the
House and Senate.
* If the special committee fails to deliver a
deficit-cutting package that would trigger $1.2 trillion in cuts, half
would be Defense cuts and the other half would be non-Defense cuts,
exempting low-income programs Social Security and Medicaid, and only
impacting providers in Medicare.
* The debt ceiling increase
would be done in three phases: $400 billion initially; another $500
billion later thise year would be subject to a vote of disapproval; a
third increase of $1.5 to get the rest through 2012 and would also be
subject to vote of disapproval.
* There is also a provision to have Congress vote on balanced budget amendment.
*
The special committee would not necessarily tackle tax reform. But Mr.
Obama is threatening to veto any extension of the Bush-era tax cuts for
those making $250,000 a year or more unless Congress acts on an overhaul
of the tax code.
Thanks… I fixed it for you .
Looks like the link didn’t go through. Here is another link to the same story.
http://etfdailynews.com/2011/07/25/investors-the-1-billion-armageddon-trade-placed-against-the-united-states/
Bill
We’ll see Robert… I’m not so sure about it. While there is still the possibility that we will go up to the 138.86 SPY FP, I’m not counting on it. The evidence points to a default, and the largest stock market crash ever. Of course it doesn’t mean a rally can’t happen first… they need to surprise the sheep as usual.
Wall Street loves this deal. We rally BIG this week…..
I wouldn’t be surprised if some gangster banksters like Goldman Sachs made a bet a like that… as they always know what is going to happen before it happens.
Thanks Red for the new post. Wondering if you heard of a recent trade against the US, betting one Billion on a downgrade from AAA to AA.
Link is: http://sgtreport.com/2011/07/the-1-billion-armageddon-trade-placed-against-the-united-states/
Bill
Thanks Red for the new post. Wondering if you heard of a recent trade against the US, betting one Billion on a downgrade from AAA to AA.
Bill
New post…
http://reddragonleo.com/2011/07/31/the-truth-about-the-may-6th-2010-flash-crash-and-the-next-coming-stock-market-crash-in-2011/
The weekend update should be up in 30-45 minutes…
5:39 update
Here’s the outline of the debt ceiling deal as of now, according to officials on both sides:
* $900 billion in the first stage of deficit reduction.
*
$1.5 trillion in second stage of deficit reduction to be defined by a
bipartisan special committee of lawmakers appointed by leaders of the
House and Senate.
* If the special committee fails to deliver a
deficit-cutting package that would trigger $1.2 trillion in cuts, half
would be Defense cuts and the other half would be non-Defense cuts,
exempting low-income programs Social Security and Medicaid, and only
impacting providers in Medicare.
* The debt ceiling increase
would be done in three phases: $400 billion initially; another $500
billion later thise year would be subject to a vote of disapproval; a
third increase of $1.5 to get the rest through 2012 and would also be
subject to vote of disapproval.
* There is also a provision to have Congress vote on balanced budget amendment.
*
The special committee would not necessarily tackle tax reform. But Mr.
Obama is threatening to veto any extension of the Bush-era tax cuts for
those making $250,000 a year or more unless Congress acts on an overhaul
of the tax code.