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My, My, My Poker Face

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

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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
Position in SH and JPM.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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