An irreverent Wall Street Blog
by Bill Singer
by Bill Singer
Bill Singer, Cynic Supreme, Weighs In On Obamacare, The Shutdown, And Gravity
October 1, 2013
So . . . they said that the Republicans and Democrats would strike a last-minute deal to fund the government and avoid a shutdown. Yeah, how'd that work out?
Then they said that the stock markets would go into free-fall if the U.S. government went into lock-down. At 12:30 p.m. ET the Dow Jones is up nearly 74 points. Gotta love them Wall Street know-it-alls.
Obamacare was going to roll out and then go haywire and into the Internet ditch. The Tea Party's talking point, relentlessly worked into every 11th hour interview, was "not ready for primetime." Give 'em that much. It wasn't. Based upon initial reports, the Obamacare websites aren't exactly working in flawless order. Then again, as to the private sector's record with these software things, anyone remember the NASDAQ/Facebook IPO launch, or the BATS IPO, or that wonderful bit of high-tech wizardry from the geniuses at Knight?
To recap for posterity, as of mid-day October 1, 2013, Obamacare is on the road or on the side of the road, depending upon your partisan perspective The federal government is in a self-induced coma. The stock markets have shrugged off concerns through the early afternoon of Day One and are, for now, in the black. I'm here. You're here. The planet remains intact.
All of which has further cynicized me -- me, who was already a world-class cynic with oakleaf clusters. I ain't listenin' to nobody about nuthin' no more. You know what I'm saying? They're all idiots. The hell with the Democrats, the Republicans, and the Tea Party. It's all nonsense. No one knows jack. No one gives a crap. And all the stuff that you absolutely thought you needed, you don't. And the nonsense that you thought you couldn't survive without, you can.
Frankly, I'm just going to re-watch the official trailer for the new sci-fi film "Gravity," and then try and figure out how best to score some tickets for a 3D showing at my local movie theater. You know, if you think about it, folks floating around lost in space without any sense of up or down, seems more and more like life in these here United States these days. On top of which, if you scream in space, no one will hear you.