It's Monday, October 14th. Welcome to Market Flory. I'm Chris Hill joining me in studio today

for Motley Full One, Jason Moser and for Motley Full Funds, Bill Barker. Happy Columbus Day, gentlemen.

And a good week to you.

Thank you, Kristen.

The market is open.

The banks are closed.

The bond market is closed, but the market is open.

Therefore, we are open.

Did you catch that quote over the weekend? I think Harry Reed was like,

hey, I'm just really glad the markets aren't going to be open on Monday.

They were, you know, saying because they can't get this whole death ceiling thing figured out.

They're like, Harry, here's the thing.

They're open.

That seems as good an entry point as any. Let's start with our lead story, which is that we are now three days from the debt ceiling deadline.

The federal government is still in some type of shutdown I guess it's not a complete shutdown but it's

But we were talking earlier Jason you, you look at Wall Street, you look at how this is playing out, and it seems like absolutely no one thinks we're going to miss the death ceiling deadline. No one thinks we're going to miss the ceiling deadline. No one thinks we're going to

default. No one thinks there's going to be a problem because if they did we

would see well we'd see the market tanking. We would that pricing and selling off more than it is today.

Yeah, I mean I think Friday there was a bit more optimism maybe than there is today

and if nothing really develops today I'm sure we'll probably see a little bit more, you know,

uncertainty and volatility tomorrow and it'll just all kind of lead up until sort of

that last sort of hour solution where they figure out a way to kick the can a little bit further down the road.

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