Looks like the Government cannot agree....wow, news flash. Hope everyone has a soft position today. Let things correct, let the dust settle, let us fail, let us take our medicine and get better, let us get back into RD between 65-67.
Got some really nice year end capital gains and dividends on the mutual funds. Holding on to RDS. Still think an agreement of sorts will come through before year end. Plan to sell RDS on the release of the news, and stack up on the bond fund for the next event to affect the market. GLTA.
Maybe there is calm water over the cliff? Perhaps some congressmen should ride a barrel over Niagara Falls to see what is over the cliff. Either way I see 2013 to be a challenge for oils to show growth in earnings. Earnings are projected to be lower or flat. I say trade RDS-A as much as we can.