The White House says stocks could plunge 45%

[Cattledog]

Congress now has a little over a week to raise the national borrowing limit before the US could potentially default on its obligations, which could include missing payments on some of its $31 trillion mountain of debt. Experts have warned that such an event would be a catastrophe for markets and the economy. Stocks could crash 45%, the White House Council of Economic Advisers estimated, rivaling the crash seen around the 2008 recession.

https://markets.businessinsider.com/news/stocks/debt-ceiling-deal-default-stock-market-outlook-damage-biden-mccarthy-2023-5

[WarGamer]

1. If we get any closer, I'll load up short positions of SPY and QQQ.

Even a 10% move could produce 50x returns in hours.

More money to donate to Democratic candidates/causes in 24.

[Matthew28]

2. Biden needs to do 14th amendment

or make damn sure that we tie this cluster around the rightful republican neck!

[Beachnutt]

3. The rethugs have all taken short positions

on stocks, basically insider trading the market by holding America hostage.
They'll make billions. In my opinion.

Short sellers are wagering that the stock they are short selling will drop in price. If the stock does drop after the short sale, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the short seller’s profit.