So the political game of ‘chicken’ continues. Will they, or won’t they raise the debt ceiling for the social security cheques to go out. Just in case you needed any reminding as to just how parlous the pension story is, this will provide a wake-up call to some.

Obviously Republican’s need to be willing to commit political suicide to make this work. Do you think that they are ready to give up their salaries, perks and personal power to make a political point? Do they have the intestinal fortitude?

I doubt it.

Therefore, once they cave in, under whatever bs justification they assign to it, the markets are going higher. Dips should be bought. Not necessarily aggressively, but accumulated.