gamingthemarket's Post
$24 billion 7-year Treasury Note auction, which is scheduled for this afternoon 1:00 PM ET
4 Replies:
"Given the weak showing in Wednesday's 5-year Note auction, participants speculate that investors' risk appetite may be changing." -Yahoo
Debt Auction Failures:
tinyurl.com/d76bkt
Can the United States government go bankrupt?
"Not in the classical sense, but we could get ourselves into a position where people won't take our paper anymore. And that's a really desperate position to be in when we've killed the idea of good faith and credit of the United States. That could destroy our society as we've known it." -Paul O'Neill on Frontline last night
you think the market is waiting on for the auction?
That's my guess, but I'm not an insider. I see major selling after 1pm I'm going all in on SKF to the close.
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