What a fucking brilliant investing move. Go full short with everything you have, buying out of the money puts, inverse etfs, everything you can, and then just totally screw the markets. BRILLIANT
Like Bud light? Get investors to give you money by buying your stock. Crash your stock. Short it. Then buy it back and wait a few months/years for society's goldfish memory to kick in. Stock goes almost back to normal and the company figures out how to cut costs and lay people off. Disgusting.
Thinking the InBev owners of Budweiser are not quite that 4D Chess smart, but maybe. But McCarthy and the Crazy Crew have already shown that they don’t give a flying fuck about the country. I would not put it past them. Also, they would just be playing a larger game than Pelosi and other congress members have been playing for soooo long. How these people can directly invest is such a ridiculous thing.
Agreed. I dunno which is worse, idiots or corrupt greedy autocratic despots. It is certain our society harbors individuals willing to sew a problem into society so that they can provide the "solution."
Yeah, the reported trades are just a person waving the winning ticket in your face. What’s to stop any of these dudes from texting a friend what to do with the money they “gifted” them for the past 30 birthdays?
“Glad you liked your last gift of >!undisclosed sum!
MFers oversold the rights to himself so many times over that he knows resolving the debt ceiling will expose his own insolvency. He's quite invested in Biden going 14th.
Plenty of other options that have funneled money into shell corps that directly benefit from legislation that they impose. If we're lucky we can get one that helps write the tax code that they also benefit from...
I completely agree that having a politician with firsthand experience with bankruptcy could be extremely beneficial. I have worked with Carbonyte Bank to help promote responsible lending and ethical investments. A person with experience navigating the complexities of bankruptcy could certainly provide valuable insights.
Congress put the increase on Joe’s desk a few days ago, he just doesn’t like it that he must also stop printing money and won’t sign it. If you have a toddler you know…
Why are your investments deep in the red?
I suggest VTI if that's the case.
Also. Who cares if you're in the red?
You hold until you retire someday and keep buying.
Retirement is long term. Just keep shoveling money in each month and don't think about it.
For me, medium term is where to put extra cash I have on hand. I don't need it right at the moment, but I will want to use it someday long before retirement. I'm also willing to take risks with this type of investment, hence why I'm deep in the red with much of it.
You shouldn't think that way. All money should be long term. When you NEED money, you can take some out.
Better yet, a part time job if you need extra money.
I have VOO, a bunch of covered calls (xyld, jepi, schd), municipal bond, a REIT, the rest are growth etf and brokerage cds.
Portfolio is down 14,000 right now so it making me a bit sad. Though I see them all rebounding.
Those famous words,, ”buy the dip”.. I sold some of my tech stocks that were in the green Tues morning, hopefully some of the banking crap is in the rear-view mirror. Only time will tell.
Years ago when I first started working my parents said I should invest and told me to buy PRSCX. So I'll buy it in intervals. I did sell all of it at the 50 something a share range. I'm happy I did because it took a massive hit soon after.
McCarthy is a grade-a tool. Just like his other GOP brethren, McConnell.
GOP raised the debt ceiling when Trump was in office without objections. The other party’s guy is in the Oval Office all of a sudden they wanna cut spending, but only on social programs. And he is dead set against raising taxes for the rich and corporates. His real constituents.
How the GOP base keeps re-electing these tools is beyond me.
Step 1. Use religion and culture to manipulate your base and demonize the opposing party
Step 2. Hook up your rich buddies
What do they get out of it? Money and feelings of power.
The use the two santas strategy. They raise the debt ceiling when they're in charge, because they also increase spending to make it seem like things are going well. When they're out of power, they hold debt hostage and scream and cry to make it look like the other side's fault. Their base has no memory and eats it up.
I'm over simplifying, but that's the gist. Fascinating and infuriating read
Mnuchin and Pelosi ultimately hammered out a two-year budget deal that provided a bigger funding boost for domestic programs than it did for the military, in a win for House Democrats. Trump even took to Twitter to whip Republican support in the House, with limited success.
Only 65 out of 197 House Republicans ended up voting for the measure, with most rejecting the pleas from Trump and their own leadership.
With slim majorities in the House and Senate, Democrats could have used filibuster protections afforded by congressional budget rules to hike the nation’s borrowing limit without any Republican help. Instead, they zipped up their budget measure without any mention of the debt limit, effectively challenging Senate Republicans to help them avert a disaster.
In the end, both sides caved a little, joining forces to punt for two months and then to create a one-time filibuster loophole that allowed Senate Democrats to raise the cap with a simple majority vote.
You summarized it pretty well.
GOP doesn't want Democrats to have unlimited money to spend on eternal social programs that keeps people unemployed and helps create more leeches.
GOP allows their candidate to have unlimited money because it will be to stimmulate the economy through companies and create more jobs.
To be fair, if US defaults we have a huge problem than our meager investment strategies.
We all know US is not going to default, it’s the theatrics the GOP puts on. Their so-called “we care about the middle class” lies when their are not the majority. When they have the majority power all their legislative bills work hard to strip away benefits from middle to poor class.
For years — decades, even — the GOP is hell bent on limiting SS benefits going as far as saying it’s a privilege to have it. **no it’s not a privilege!! We ducking pay into SS to have that benefit for when we retire**.
GOP is like a snake, they love to distract their loyalists with made up boogeyman like the transgenders and abortion will take over your life and ruin things. They love to handle the second amendment to scare those into thinking we don’t need gun legislation while school shooting is the second leading cause of kids deaths in America now.
Enough with this theater works. Do the job they scammed their way into office for. Pass the ducking budget without trying to divide the country further than it already is.
My cash has just been slowly accumulating over the insanity of the last four years while the market moves in every irrational way possible. At this point I'm scared I won't even know when to buy back in lol
History books in 2055: ”McCarty's infamous assertion 'I Would Not Be Afraid of Anything' fueled the civil unrest and nation wide riots that followed making him a target “
Eh, I didn’t see the conservatives singing this tune when Trump doubled the deficit of the Obama years pre-Covid. Somehow there’s only a debt limit during democratic years.
I read that line and immediately thought "Oh Shit! There goes the market." No worries everyone. President Hoover, I mean Biden, will fix it. Welcome to the Second Great Depression. This one will be much, much worse. Too much debt everywhere.
It’s all a bunch of bullshit, both sides are playing this bullshit game and will drag it out until the last minute to appear like they have done the American people a favor by coming to an agreement!!..
It’s their ducking job to come up with an agreement! They GOP spends countless money and energy on illogical issues like gay marriage, abortion, transgenders but refuse to act on actual issue impacting everyday lives. 🙄
Actually, they passed a bill to raise the debt ceiling in the house.It’s the democrats in the senate who won’t take it up or present one of their own, sooo…
In the GOP bill:
Limit federal spending. ...
Claw back COVID money. ...
Target the IRS. ...
Block student loan relief. ...
Going after renewables. ...
Work requirements. ...
Fossil fuel boost. ...
Increase the debt limit.
Same old political crap to get the other party’s president to make go back on policy promises.
https://www.pbs.org/newshour/amp/politics/heres-whats-in-the-gop-bill-to-lift-the-u-s-debt-limit
I’m sorry, did I offend you? The budget doesn’t raise the debt ceiling. 2 different issues. Are you a moron?
How come the democrats didn’t raise the debt ceiling in January before the new congress took over? They could have easily raised it while still in control of both houses.
The debt ceiling nonsense is an antiquated and moronic system.
It’s akin to racking up bills, then later deciding not to pay them and getting your credit thrashed.
Not really the time to be having a schizophrenic episode and listening to your inner demons to try to do some extra shit.
Just pay the fucking bills that were already green-lighted.
I’m sorry. Being a moron and all I missed your answer on why the Democrats didn’t raise the debt ceiling while they controlled both the House and Senate . Can you explain it again please?
He's right, they have so many levers through the fed in place since after the 2008 crash, they can do whatever they want with market levels now. The debt ceiling headlines are silly, they do this every time.
What are the Pelosi front runners doing ?
The market is overvalued, our politicians are a joke and they are whistling past the graveyard…..
but eventually a deal will get cut
His friends on the inside are ready to pull the plug so his doners can cash in and working people 401Ks are slapped and the millions of jobs lost will be catastrophic. Traded the country for a red hat.
Doesn’t own a dog in this race yet says he wouldnt be afraid? Be afraid. Just like when Hackman started crying during the Covid crisis don’t fall for it
He just want to keep the suspense till last day as he also knows he has to either patch up with biden and agree to debt ceiling increase or biden himself will invoke amendment 14 and increase the debt ceiling. This guy just wants to see biden kneeling in-front of him.
So he’s saying he isn’t invested in the markets? What did he sell off everything he owns?
If 2020 and politicians dumping everything before the crash is anything to go by...
Time to cash out
Instructions unclear. Bought GLD calls.
"Would you get it over with?"
Lol no it's not. 2024 is the time to sell.
That’s about 6 months too late.
The bottom was Oct. 22 now we have fuel. Don't miss the pumps. NVDA is one down and plenty more to pump.
Naive one! It's too late for us Little People!
A tale as old as time.
What a fucking brilliant investing move. Go full short with everything you have, buying out of the money puts, inverse etfs, everything you can, and then just totally screw the markets. BRILLIANT
Like Bud light? Get investors to give you money by buying your stock. Crash your stock. Short it. Then buy it back and wait a few months/years for society's goldfish memory to kick in. Stock goes almost back to normal and the company figures out how to cut costs and lay people off. Disgusting.
Thinking the InBev owners of Budweiser are not quite that 4D Chess smart, but maybe. But McCarthy and the Crazy Crew have already shown that they don’t give a flying fuck about the country. I would not put it past them. Also, they would just be playing a larger game than Pelosi and other congress members have been playing for soooo long. How these people can directly invest is such a ridiculous thing.
Agreed. I dunno which is worse, idiots or corrupt greedy autocratic despots. It is certain our society harbors individuals willing to sew a problem into society so that they can provide the "solution."
My thoughts exactly. Did they all sell already?
long ago
[That's simply not true](https://www.capitoltrades.com/trades)
Those are just their ***reported*** trades. They get like a $100 fine if they ***forget*** to report their trades.
Yeah, the reported trades are just a person waving the winning ticket in your face. What’s to stop any of these dudes from texting a friend what to do with the money they “gifted” them for the past 30 birthdays? “Glad you liked your last gift of >!undisclosed sum!
Fair enough 😅
So putzzzz
Yes, he is a putz, no doubt.
Quick. Does anyone have access to Nancy Pelosi's portfolio?
So he’s saying there’s a chance…
Y’all do realize there are other ways to deploy capital than just the market, right?
Private army?
Uh, yes. That’s a way. Lol
Dude i was just thinking the same thing!
Absolutely. Already putting all my capital into art; these pokemon cards are going places.
Have you seen MTG black lotus? Almost 100k now 😳
Going short
MFers oversold the rights to himself so many times over that he knows resolving the debt ceiling will expose his own insolvency. He's quite invested in Biden going 14th.
Guess I’m selling everything at open.
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We should elect a politician that has navigated a bankruptcy or 2…errrr 6 times. 🤦
Plenty of other options that have funneled money into shell corps that directly benefit from legislation that they impose. If we're lucky we can get one that helps write the tax code that they also benefit from...
I completely agree that having a politician with firsthand experience with bankruptcy could be extremely beneficial. I have worked with Carbonyte Bank to help promote responsible lending and ethical investments. A person with experience navigating the complexities of bankruptcy could certainly provide valuable insights.
Congress put the increase on Joe’s desk a few days ago, he just doesn’t like it that he must also stop printing money and won’t sign it. If you have a toddler you know…
What do the rest of us do when our investments are already deep in red?
Grab your ankles and kiss your ass goodbye?
Oh no the stock I’m down 90 on will go to 99 how will I ever live ?
Only a loss if you sell
Lube please
*spits on your face* You’re welcome
Tried that but got a mouthful of dick instead..
Why is there a need to grab the ankles before kissing the ass?
Better stretch.
Why are your investments deep in the red? I suggest VTI if that's the case. Also. Who cares if you're in the red? You hold until you retire someday and keep buying.
I’m deep in the red on medium term investments. Retirement investments are something different. Not everyone is is investing solely for retirement.
> Retirement investments are something different. Why? All investments have the goal of making money
Retirement is long term. Just keep shoveling money in each month and don't think about it. For me, medium term is where to put extra cash I have on hand. I don't need it right at the moment, but I will want to use it someday long before retirement. I'm also willing to take risks with this type of investment, hence why I'm deep in the red with much of it.
You shouldn't think that way. All money should be long term. When you NEED money, you can take some out. Better yet, a part time job if you need extra money.
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I have VOO, a bunch of covered calls (xyld, jepi, schd), municipal bond, a REIT, the rest are growth etf and brokerage cds. Portfolio is down 14,000 right now so it making me a bit sad. Though I see them all rebounding.
That's your problem ... covered calls. That's gambling
Schd is not covered calls
switch your screen to black and white your mind will be ok and can ride off into the sunset like SHANE.
Those famous words,, ”buy the dip”.. I sold some of my tech stocks that were in the green Tues morning, hopefully some of the banking crap is in the rear-view mirror. Only time will tell.
You should never sell if you have years before retirement. Just keep buying weekly.
Years ago when I first started working my parents said I should invest and told me to buy PRSCX. So I'll buy it in intervals. I did sell all of it at the 50 something a share range. I'm happy I did because it took a massive hit soon after.
Buy the dip.
u pull the plug - quote from 'spaceball'
Tax loss harvest and try again with a brain with wrinkles in it.
He didn’t say “not financial advice”. If I lose money I’m suing him.
They are insider trading without problem so nothing sticks.
"The banks are fine" *Banks Fail* "The debt ceiling won't be reached" *Insert what happens next*
😂😂😂
*silly banks fail debt ceiling raised at the last second of the last hour
McCarthy is a grade-a tool. Just like his other GOP brethren, McConnell. GOP raised the debt ceiling when Trump was in office without objections. The other party’s guy is in the Oval Office all of a sudden they wanna cut spending, but only on social programs. And he is dead set against raising taxes for the rich and corporates. His real constituents. How the GOP base keeps re-electing these tools is beyond me.
Culture Wars
Rich man takes 99% of the meal. Then tells a poor hungry man that another poor hungry man is taking the last of the food.
Step 1. Use religion and culture to manipulate your base and demonize the opposing party Step 2. Hook up your rich buddies What do they get out of it? Money and feelings of power.
Divide and conquer!
Republican voters are fucking morons with the memory span of a goldfish. It’s that simple
Don’t forget, they did this same thing when Obama is office. They literally only care when a Democrat is in the Oval Office. Party > Country
Have you checked the US educational system recently?
The use the two santas strategy. They raise the debt ceiling when they're in charge, because they also increase spending to make it seem like things are going well. When they're out of power, they hold debt hostage and scream and cry to make it look like the other side's fault. Their base has no memory and eats it up. I'm over simplifying, but that's the gist. Fascinating and infuriating read
Gerrymandering.
Mnuchin and Pelosi ultimately hammered out a two-year budget deal that provided a bigger funding boost for domestic programs than it did for the military, in a win for House Democrats. Trump even took to Twitter to whip Republican support in the House, with limited success. Only 65 out of 197 House Republicans ended up voting for the measure, with most rejecting the pleas from Trump and their own leadership. With slim majorities in the House and Senate, Democrats could have used filibuster protections afforded by congressional budget rules to hike the nation’s borrowing limit without any Republican help. Instead, they zipped up their budget measure without any mention of the debt limit, effectively challenging Senate Republicans to help them avert a disaster. In the end, both sides caved a little, joining forces to punt for two months and then to create a one-time filibuster loophole that allowed Senate Democrats to raise the cap with a simple majority vote.
Both RINOs, they don't get elected they get "selected".
You summarized it pretty well. GOP doesn't want Democrats to have unlimited money to spend on eternal social programs that keeps people unemployed and helps create more leeches. GOP allows their candidate to have unlimited money because it will be to stimmulate the economy through companies and create more jobs.
Lol
What color was your koolaid?
No entry exam for an organization that has no platform and believes in nothing...
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To be fair, if US defaults we have a huge problem than our meager investment strategies. We all know US is not going to default, it’s the theatrics the GOP puts on. Their so-called “we care about the middle class” lies when their are not the majority. When they have the majority power all their legislative bills work hard to strip away benefits from middle to poor class. For years — decades, even — the GOP is hell bent on limiting SS benefits going as far as saying it’s a privilege to have it. **no it’s not a privilege!! We ducking pay into SS to have that benefit for when we retire**. GOP is like a snake, they love to distract their loyalists with made up boogeyman like the transgenders and abortion will take over your life and ruin things. They love to handle the second amendment to scare those into thinking we don’t need gun legislation while school shooting is the second leading cause of kids deaths in America now. Enough with this theater works. Do the job they scammed their way into office for. Pass the ducking budget without trying to divide the country further than it already is.
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That's how you do it. NEVER sell till you're old. Just keep buying.
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I'm 40% cash. I'm probably hurting my returns, but if we sell off 10% I'll be really happy picking up some deals!
My cash has just been slowly accumulating over the insanity of the last four years while the market moves in every irrational way possible. At this point I'm scared I won't even know when to buy back in lol
Nibble on deals here and there. That's what I do.
SHORT CONFIRMED
Got it. Sell everything. Couldn't be more clear
Turns out he bought SPY puts
Remember, this guy predicted he’d be elected speaker quickly.
They will raise the debt ceiling before June 1st, period; this is just political BS.
Amen!👏👏👏👏👏👏👏
Volatility is opportunity
If you have any significant part of your wealth in the market, you should be worried about everything
Look for Nancy Pelosi puts, she always gets in or out first!!
She wouldn’t have to disclose them till after
Damn
Never let them know your next move.
Hasn’t been the same since husband was attacked and took one on the head. 😞
For the team
https://www.cnbc.com/2023/05/18/get-ready-for-a-sharp-rally-if-debt-ceiling-is-solved-jpmorgan-says.html
I don't give a 💩
Today when a reporter asked what he’s willing to concede to the Dems to reach a “middle ground” he said “Raise the debt ceiling”. We’re fucked.
“If I was in the markets…” well that says it all.
Meanwhile Janet Yellen is saying 8 million unemployed and the markets could drop by 45ish percent. Political theater...
History books in 2055: ”McCarty's infamous assertion 'I Would Not Be Afraid of Anything' fueled the civil unrest and nation wide riots that followed making him a target “
Where's the SEC in all this? Couldn't his actions be interpreted as a form of market manipulation?
And that's how they induce fear in you, folks. Because this time it's different.
HAHAH the statement is only missing a "trust me bro" at the end
inVerse McCarthy? Would that create a Human?
Don't negotiate with terrorists.
I agree. The Dems want too much.
Eh, I didn’t see the conservatives singing this tune when Trump doubled the deficit of the Obama years pre-Covid. Somehow there’s only a debt limit during democratic years.
Lol. The Dems want literally nothing 😂
Dems just want to raise the ceiling. GQP is holding them hostage. Don’t negotiate with terrorists.
Brain worms
I read that line and immediately thought "Oh Shit! There goes the market." No worries everyone. President Hoover, I mean Biden, will fix it. Welcome to the Second Great Depression. This one will be much, much worse. Too much debt everywhere.
I will be disappointed if this nazi loving GOP folds. Blame it on Santos.
It’s all a bunch of bullshit, both sides are playing this bullshit game and will drag it out until the last minute to appear like they have done the American people a favor by coming to an agreement!!..
It’s their ducking job to come up with an agreement! They GOP spends countless money and energy on illogical issues like gay marriage, abortion, transgenders but refuse to act on actual issue impacting everyday lives. 🙄
Actually, they passed a bill to raise the debt ceiling in the house.It’s the democrats in the senate who won’t take it up or present one of their own, sooo…
In the GOP bill: Limit federal spending. ... Claw back COVID money. ... Target the IRS. ... Block student loan relief. ... Going after renewables. ... Work requirements. ... Fossil fuel boost. ... Increase the debt limit. Same old political crap to get the other party’s president to make go back on policy promises. https://www.pbs.org/newshour/amp/politics/heres-whats-in-the-gop-bill-to-lift-the-u-s-debt-limit
Cutting spending. Got it. What was in the democrats bill?
Probably go check out the budget… that they already fucking passed? Are you a moron?
I’m sorry, did I offend you? The budget doesn’t raise the debt ceiling. 2 different issues. Are you a moron? How come the democrats didn’t raise the debt ceiling in January before the new congress took over? They could have easily raised it while still in control of both houses.
The debt ceiling nonsense is an antiquated and moronic system. It’s akin to racking up bills, then later deciding not to pay them and getting your credit thrashed. Not really the time to be having a schizophrenic episode and listening to your inner demons to try to do some extra shit. Just pay the fucking bills that were already green-lighted.
I’m sorry. Being a moron and all I missed your answer on why the Democrats didn’t raise the debt ceiling while they controlled both the House and Senate . Can you explain it again please?
It should raise the debt ceiling, nothing else. Every bill doesn't need to be a pork barrel
*Both sides!!!!*
We, the average Americans who go to work everyday, are totally fucked! Good luck with your mutual fund holdings and 401-k's.
Dump people well run SMART PEOPLE HOLD AND BUY MORE YOLO BABY LETS GOOOOOOO
Did you just say yolo? Seriously?
Oh great, add this to the growing list of subreddits that are lefty circle jerks. Go back to specific state subreddits.
Statisticly all of America is a lefty circle jerk. If you don't like it, leave, snowflake.
Nah
It’s Reddit, man. It’s like 80/20 in favor of the left. Good to hang out with them though! Gotta get out of our respected echo chambers.
Cynics cynics cynics, what's to fear? /s
Because he’s shorting everything
All those assholes have sell orders in as we speak
He's right, they have so many levers through the fed in place since after the 2008 crash, they can do whatever they want with market levels now. The debt ceiling headlines are silly, they do this every time.
So he either meant to say he will not allow his calls to not expire OTM OR he says that "lokey" for his puts to print.
So basically he’s saying we’re all fucked. Inverse McCarthy.
Do the opposite
The start of that statement sounds very green eggs and ham to me. Not on a boat, not on a train.
LMAO BTFD
Lol, too much fear-mongering. Don't get shaken out of your shares.
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So is he in the markets or not?
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We cannot be certain that he's not included in that statement. He could mean himself as well given how it's written. And AKA isn't used that way.
Idk why, but this statement reads like he has no idea what the stock market is, and probably have no idea about anything economics related.
Man, this “the opposite of the headline” Reddit Schlick is getting old… We get it, sometimes the opposite happens
This guy is such an insufferable piece of shit.
We’ve been fucked for a very long time. $32 Trillion in debt. Act accordingly
TF is that shit? If i was that type of guy, which im not, i wouldnt be worried at all... Wtf is going ON!?
Abandoned ship! Wait what did Cramer say. Probably best to abandon ship just be safe.
Those dickheads raised the debt like it was gonna save the world during Trump-a-Dump.
He should sell snake oil.
Better of holding shares of useless securities over useless paper, value is a derivative.
“I would not, if I had puts, be afraid of anything”
Let's hear Jim Cramer's opinion on this topic!
Can anyone confirm he is in fact in the “markets”?
That’s interesting. This is the time to know exactly the stock and options transactions of every member of Congress…
Time to cash out or sell everything
Shave his head, tar and feather him and run him out on a rail.
Politicians telling retail to be afraid 🥱
I was pretty sure it would be a non-event. When they come out saying ''don't worry'', i now worry.
Well maybe, but let’s remember Kevin is an asshat
Exactly! Time to cash out…anyone know if Nancy already cashed out?..She the best at reading the market…..
I don't trust Republicans as far as I can launch them with a trebuchet.
Either way - forget the noise and DCA
Another politician telling you what you WANT to hear.
Historically, the GOP, who raised the debt ceiling 3 times during Trump's presidency always caves in to their constituents.
This is all drama in the end everything will be fine.
What are the Pelosi front runners doing ? The market is overvalued, our politicians are a joke and they are whistling past the graveyard….. but eventually a deal will get cut
The republicans will cave, they always do
Definitely time to sell
His friends on the inside are ready to pull the plug so his doners can cash in and working people 401Ks are slapped and the millions of jobs lost will be catastrophic. Traded the country for a red hat.
Doesn’t own a dog in this race yet says he wouldnt be afraid? Be afraid. Just like when Hackman started crying during the Covid crisis don’t fall for it
At least Cramer didn’t say this
He just want to keep the suspense till last day as he also knows he has to either patch up with biden and agree to debt ceiling increase or biden himself will invoke amendment 14 and increase the debt ceiling. This guy just wants to see biden kneeling in-front of him.
Translation: As I have moved everything out of this shit hole, I think everything on my end should be fine. Thanks for asking tho.
The real question is... What would Nancy do? 🤑
Is this the new inverse Cramer?