Congress is still playing chickenThe Republican congress is dragging this out to apply more pressure on Obama. They expect Obama will cave as he always has in the past. I don't expect to see this resolved before Friday. If this is the case, HVU could reach $14 by Friday. If it still isn't resolved by next Tuesday (not likely) then HVU may hit $20.
Obama is driving one bus and Boehner the other. It is all a question of who will veer off the road first as the two buses hurtle towards each other at 80 mph. Unfortunately for the passengers, there is no way to get off this ride and there is no Keanu Reeves coming to the rescue. One party will have to compromise and will be in the ditch by Tuesday, or there will be a head-on collision wiping out all occupants. If that happens, both parties will finger point that the other should have given way.
It will be an interesting week.
Wiz