Replies to post #145254 on Langlui's Big Board and Options Plays

[BUBBA]

Hey langy!

[langlui]

CHART OF THE DAY: WAIT, Is August 10 The Real Debt Ceiling Deadline?
Joe Weisenthal | Jul. 22, 2011, 4:48 PM

This might get some buzz in the next few days.

A report from Barclays (via FT Alphaville) suggests that based on slightly higher-than-expected tax receipts, Geithner might have another week before he slams into the ceiling. He might have as long as August 10.

This would be a double-edge sword since A) it buys the Treasury more time while B) convincing more Congressmen that all deadlines are phony.