In 20 previous instances where the index’s 200-day moving average rallied after hitting a 52-week low, stocks were higher a year later, averaging gains of 18.2%
in 1999. you d have a flood of headlines if we did default. it s not a good idea at all. we shouldn t be even trying to normalize that. martha: what do you say to those that say it won t happen? it can t happen, the default. that they would have to print more money in order to pay the bills? the ratings agency is saying, the firms like fitch and morning star, we re going to down grade you because you re risking brinksmanship and default. the thing is, with the freedom caucus, what they re saying is important. the chicago fed, the san francisco fed both have said, researchers have said that government spending is fuelling inflation. when standard & poor s down graded the u.s. in 2011, that s when debt to gdp was 80%. now it s at 129%. the gao said we wasted 2.3
mcconnell change his position, get off the sidelines, get in the game and take control of things. at the moment, he s relaxing. everybody s relaxing. i remember 2011 markets were panicking, and we cut that deal almost immediately upon the standard & poor s downgrade back then. so expect the same thing now. everybody s calm until they re not. yeah, congressman, thank you. thank you. great to see you. mike memoli, thank you as well. coming up next, could the special counsel s investigation of donald trump be coming to a close? the possible clue the former president just dropped. plus, after reports about private plane rides and lavish vacations involving supreme court justice clarence thomas, his billionaire friend is refusing to cooperate with the senate judiciary committee. senator sheldon whitehouse who sits on the panel joins me next. we ll be right become. on the p. we ll be right become. store your things until you re ready. then we deliver to your new home -