I used to go on and on about it, but with The Fed printing confetti each and everyday for the past 8 years – it didn’t really matter. The United States is 100% totally broke / Greece style / Flat out busted.
You guys remember that thing called “the debt ceiling”? Well……March 15th – Here we go again…only this time it’s different.
March 15th is the day that the “debt ceiling holiday” that Obama and Boehner put together right before the last election in October of 2015 expires.
The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. The U.S is burning cash at a $75 billion a month rate.
By summer, they will be out of cash. Totally out of cash.
The holiday is over.
You think I’m joking about this….you don’t take this seriously, and you bury your head in the sand – I won’t be very happy.
Gold up = Fear = USD and U.S Stocks down HARD.
the debt ceiling has been raised 74 times since 1962 without fail. i will take the over on a 75th time, being this time is not different. but you could write a really thought provoking post on your thesis of why it should or could be. indeed, how far are we really from the debt ceiling being permanently abandoned? not saying any part of that is good, but just when is it that legislators are supposed to finally get a backbone?
“you could write a really thought provoking post on your thesis of why it should or could be”.???
I could – sure.
Alternatively…..
You could go punch yourself in the face as hard as you possibly can / get it on video and send us the link.
This would be a far larger contribution here than your mindless drivel. If you’ve got something half intelligent to say – I’ll give you one more shot.
But what are the chances of that?
Haha.. mate if you get sick of these people dont forget us… I enjoy this site
Holy shit!!!!!!! Gold here we come…
Too Early to “Bug-Out” by the end of the week we will see if Transports hold the line and ROCKET North or…..panic in the streets
Hi Forex Kong:
Love your site and your work here. I have to agree with the dude that you told to go punch himself in the face.
What’s not stop them from writing a new law, that takes the debt ceiling to 22 T, then to 25 T, then to 30 T?
Or is this just an opportunity to scare sentiment back down to buy back in at lower prices?
Totally. Could just be the same ol thing – upping the ceiling another couple TRILLION as what choice do they have right?
All I’m saying is to be aware, get off the couch – evolute holdings and profits and don’t stay complacent.
I find it somewhat unsettling and a bit strange that with all Trump has on his plate, all the media attention all the hoopla – so far not a word of this in the main stream media really.
The 15th may come and go without a hitch – fair enough, but I’m a “sell High” guy and this thing feels pretty high!
Thanks for the kind words and support Tank It.
I agree with you to sell here. We are at a major turning point.
Sentiment is flashing a major top in stocks.
Thats most certainly how I see it….but hey – a primate so..lol
Trump chatter tonight….the debt ceiling March 15…sell in May in May….why not ring the bell here and go on vacation?
There’s very little top side opportunity.
Speaking of China, I think they, along with their central bank buddies in the EU, played us on that NUGT trade…ouch.
Hi
Will you give me back a commission for buying NUGT at 11?? And you are happy you didn’t have addition million dollars!
I love this too.
Some kid with a $500 bonus trade account, now looking for accountability from a complete and total ” anonymous stranger” on the Internet.
Some serious perspective needed here – seriously.
Somehow “entitled” like this internet thing “owes you something” hey punk?
Lemme guess….I’ll bet you’re somewhere around 25-27 years old and still live in your parents basement. What are they calling it these days…some “millennial thing”? Fok off. Stop reading / following here. This is for adults.
You’re all gonna need a whole lot more than 500 bucks even 5k ( and I dare say 50k ) to stick around / trade with me.
Get bent kid. I kick your knees and spit in your ears.
Gold and miners not buying the apocalypse scenario yet. NUGT down 15% JNUG down 25% Gold, If Gold holds 1250 and can gain some traction, 1329 in the works for Gold.
Kong still in NUGT or did you sell after today’s bloody red candle?
In like flint.
I would need to see USD break it’s entire daily downtrend to even consider selling…
And short of Trump / markets evaluation of Trump talk in 45 mins blasting USD higher ( which is impossible ) I’m just sticking to Tequila on the beach.It’s always tough seeing an entry BETTER than the one you where already satisfied with.
But that’s just crazy talk. You enter. You win or you lose ( with an account size that can handle the volatility ) then you try again.
You get more wins than losses. Or Bigger wins than losses – you win.
No reason on Earth for USD to do anything but tank.
Hey man, I have been rotating in and out of jnug and jdst sell one buy the other on alternate days. So far its been working well.
How Wall Street Got Its Name:
“The red people from Manhattan Island crossed to the mainland, where a treaty was made with the Dutch, and the place was therefore called the Pipe of Peace, in their language, Hoboken. But soon after that, the Dutch governor, Kieft, sent his men out there one night and massacred the entire population. Few of them escaped, but they spread the story of what had been done, and this did much to antagonize all the remaining tribes against all the white settlers. Shortly after, Nieuw Amsterdam erected a double palisade for defense against its now enraged red neighbors, and this remained for some time the northern limit of the Dutch city. The space between the former walls is now called Wall Street, and its spirit is still that of a bulwark against the people. ” Chapter 7, The Tribes and the States by W. J. Sidis 1935
Learns something new every day. Get a load of this gibberish. Thanks for the useless info.
Nice cut and paste and as boring as all f*%k…if it’s even true…and even if it is – still boring as shit. I’m from another planet man…hypnosis?? Common….a tad simple for those of made of pure light ( currently manifest in gorilla form )
Spammers and trolls everywhere these days people – please be aware. Garbage.
You got something relevant to say “Arnie”? – Choose your words wisely.
considering your headline, “Sell Your Stocks, The Holiday is Over” i thought you might enjoy some perspective, but it is okay, I have misjudged people before…
All right all right – I hear you. My apologies….I’m a little testy here these days.
I’ll dial er back a notch or two.
No sweat… i did not intend to raise yer BP and I doubt you intended to raise mine. And re testy, I hear you..