 The Tiger financial news network Okay folks, but afternoon update Larry Pesovano here for TFNN and we have a nice rally going on the stocks The Dow Jones is rallied about a hundred points here in the last hour or so the S&P's rallied Back up to the 382 retracement of the last move down NASDAQ is still in the red and so is the Russell but by golly, you know what they're holding up relatively well considering the the big down move that we've had now Everybody's talking about this debt Ceiling thing and believe me folks like I mentioned before They had three debt ceiling changes increases during Trump's administration. Nothing happened and over the past hundred and fifteen years I heard blooming Bloomberg tell us that 95 of those 115 years we've had debt increases. So basically we have a lot of assets in the United States folks I'm talking about schools railroads Natural resources Natural parks so much stuff and that's all part of our assets but we lend money out through the bonds and that's what gets in the news and You know, everybody's saying well, China is going to stop buying our Treasury bonds Everybody buys our Treasury bonds and Treasury notes folks US dollar is still king because until that happens It's going to stay the king and one of these days. It's going to say In front of the bill, it's going to say in God we trust it'll say in God We trusted and then things will be a lot different Maybe that's when crypto currencies will be coming in and stuff like that But that's stuff that you don't have to think about think about how much money you have to risk when you put a trade That's what's the most important thing back at Drexel days They said the most important part of trading is after you phone in your order and you hung up the phone Is what do you do after you hang up the phone? And that's how you have to manage your trade and that's what you think what we'll be able to do this, you know so I think it's important and What do you I hope that helps it's going to be a very very interesting. I'll be doing the next show here In just a few minutes, so we'll be right back eight seven seven nine two seven six six four eight