If the debt ceiling "crisis" is such an impending disaster why hasn't the market tanked?

[tularetom]

The stock market seems pretty much unfazed by all the gloom and doom talk coming out through the media. If there was really any great urgency to this and there was any fear that corporations and the uber rich were going to get hit at all the Dow would be jumping around like a geiger counter at Fukushima. Or it would be dropping like a rock.

What this tells me is a deal has already gone down and the insiders know it. And they like what they are hearing.

Which tells me the rest of us are gonna get fucked.

[MidwestTransplant]

1. Because everybody knows something will get passed.

[Doctor Hurt]

2. Does being a pessimist make you feel cool?

[kick-ass-bob]

3. No, its because Boehner told them that they will not let it stand pat.

They have no reason to fear because they know Boehner won't let it go that far.

[MineralMan]

4. They're just counting on the gubmint to do what it has always

done. And that's just what will happen. Wall Street isn't all that worried.

However, if it doesn't get done, people will be jumping out of high windows on August 3, I can guarantee.

[emulatorloo]

5. I think teabagger house is willing to default

That crowd seems to be hardening up. They either think it will not be that bad, or that it will be a wonderful Tea Party Dream Come True. Leadership has no control over them as far as I can tell.

[MineralMan]

7. I suspect the teabaggers are about to discover

the limits of their power. It's past time for Republicans who aren't baggers to fold their arms and say, "OK, that's enough, boys. You've had your fun."

It won't take that many of them to squash this crap.

I just wish they'd done it before we got into a deadline situation.

[dkf]

6. Implications are so bad that the market assumes govt can't possibly be so stupid.

[elleng]

8. Was on negative side recently, but apparently/allegedly cheered by deal on Greece.

Its a big world.

[chrisa]

9. Because not passing something would be like

Being in the way of a slow-moving Steam-roller, and standing still until it runs you over.

Only the teabaggers with their crazy survivalist nutjob fantasies would actually not pass a deal, even if it meant a heavy compromise.

[nomb]

10. Strangely, if we default there will be a flight to quality. US will be bought.

No one ever said it was intuitive. But that's what will happen.

[Ruby the Liberal]

11. It is a globally invested market and all of the big boys are short US Treasuries