The Next Big Crash - Are You Prepared?

[specuvestor]

how come market never crash? isnt this serious?

the shutdown doesn't really have a HUGE impact - initial estimates are ard 50-100mio per day (although i've seen worst estimates). But in comparison, QE3 with its 85bio per mth is equivalent to 2.8bio per day of stimulus (assuming 30 days in a mth). In a perverse way, the fiscal impasse prob means more QE3 to come so equities are rallying somewhat.

The big one should be with the debt limit - imagine tons of blokes holding UST (hedgies, mutual funds with all their powerful lobbyists) - all these failing to get their coupons after mid-Oct will be very scary...

I'm beginning to think that the Fed had been pre-warned by Obama admin about their tough stance, which explained Bernanke's about turn statement.

Market crept up during the 95-96 standoff. My bigger concern is actually a debt default. Theoretically as I explained above, it is a legislative technicality but the other technicality is what would the rating agencies do???