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My, My, My Poker Face


Here's how to score the game of high stakes poker being played by Congress and the markets.

Editor's Note: The following was posted in real time on our premium Buzz & Banter (click for a free trial).

With Congress and the markets now playing a high stakes game of poker -- albeit with Congress playing by a different set of rules altogether -- here's some proposed scoring:

A Pair: Boehner and McConnell or Reid and Pelosi say something positive: +50 Dow point

Two Pairs: Boehner, McConnell, Reid and Pelosi say something positive: +100 points

Three of a Kind: Republican or Democratic leadership says something positive: +25 points

Straight: Republican leadership, excluding Log Cabin Republicans, say something positive: +20 points

Flush: Congress agrees to tax dividends at ordinary income rates: -500 points

Full House: Representatives agree to fiscal cliff compromise: +500 points

Four of a Kind: Obama, Geithner, Reid and Pelosi say something positive: +75 points

Straight Flush: Tax benefits of gay marriage struck from potential compromise: -25 points

Royal Flush: Top tax rates raised to those now applicable in France: - 200 points

Peter Atwater's groundbreaking book "Moods and Markets" is now available for pre-order on Amazon and Barnes & Noble.

"Peter Atwater brilliantly provides a framework for understanding both the socioeconomic hubris that led to the great credit bubble of the past decade and the dark social-psychological hangover that has resulted from its collapse. In so doing, he offers an invaluable guide to what promises to be a very difficult and turbulent period ahead as we experience what he calls the 'me, here, and now' behavioral tendencies of the post-crash world." -Sherle R. Schwenninger, Director, Economic Growth Program, New America Foundation

Twitter: @Peter_Atwater
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Position in SH and JPM.
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