If its solved (which I highly doubt) the Markets are not going to like the tax increases. If it remains unsolved or if they kick the can, Markets are not going to like those scenarios either. One person on either side says something stupid and Markets will tank. It's going to be rocky.
The dollar had a pretty significant drop this week, even though spending is through the roof. This is the oppotunity of a lifetime to short the entire market. Evertime I hear the President or Ben take a stance, the market has fast, significant changes. I know it sounds "evil", but I want a crash. A possible 50% drop in the markets will be another mass transfer of wealth. I wish more people understood the opportunity we have here, then all could prosper. Learn how to go short in your IRA and cash accounts by way of options, and you and your family will be just fine.
it will come back with a vengence next week. Read a report that staffers on the hill worked the holiday
and are far apart. Maybe you weren't around in 95 during the government shutdown, but these
things do happen as idots like murray say "it would be better to go over the cliff that we can call
it a tax cut".
Greece has yet to get the money it borrowed short term. I went short again as this
mkt is way over bought and living on dreams of happier days that aren't going to happen.
Even if they don't they're not going to do the right thing and put a 50% income tax on communist
crappia made goods, eliminate carried interest, section 353 no they're going to jack middle class
consumer's taxes just when african dictator health care is going to cost them thousands per
yr and we'll go into a recession as Europe and Japan are already in one. So not the time to
own stocks of expensive consumer products.
Went short again friday after shorting before the election.
over bought, please enlighten us to what info you use to come up with this statement. I see the RSI at ~51 which is mid and no where near an over bought situation and you can check on stockchartscom. We just came off an OVERSOLD!!! well below the RSI of 30 and heading up- so I guess we will see who knows the truth. Greece has been a problem for a long time and this just didn't happen recently. AND, the fiscal cliff was a serious problem over 2 months ago when it should of been really dealt with. That's when both people and articles should been concerned- NOW??? really????? Is there anyone out there that has seen anything good come out of a cramming session by our gov while the clock is ticking out. If this is coming as a surprise to anyone- than your more out of it then I could ever imagine. I for one have no great expectations of this being resolved properly and never thought it would. Nothing but band-aids coming. As far as the market, play with what you think, I cashed out all my holding back in 9-14 cause I saw what was going to happen long before the article of fear started to creep out (always too late). I would of lost 10% of my investments and got back in last friday in aapl stock in the low 500 range. And it doesn't matter where it goes, I'm still earning over $2,000/month in dividends into my 401 account.
Sentiment: Strong Buy
Obama wants to go over cliff or get darn near close to it. He and Congress will drive the car into the ditch a few times along the way as well. If he doesn't get what he wants, he can let it go over and blame the Republicans, who will most likely concede under pressure. Trouble is we may be in another depression by then. Market is going to take a big hit either way. It aint gonna be purdy.