Pretend that you need to make a financial decision that will cause you significant loss if your decision is incorrect. Here are the circumstances ...
1. For 12 years you have known this decision needed to be made.
2. For 517 straight days nobody involved has made any meaningful decision on deadline.
3. If you decide to take a 'risk' you will lose a substantial amount of money.
4. Within 24 hours if no decision is made you'll lose at least 90% of everything accomplished all year.
5. Everyone involved in the decision has gone home.
Here's the question ... based on the known facts above; do you BUY any protection to prevent loss from the risk of no decision and rather INVEST substantial funds that a decision will be made? Footnote: See Futures.
While considering you answer, as far as the Market considers this question ... at present, NO PROTECTION PURCHASED WHATSOEVER and nearly $870 BILLION INVESTED that a favorable decision will in fact be made.
If your answer favors the "market" reaction then you are in fact, INSANE and should see professional advice with such matters as feeding yourself, cleaning yourself after a bowel-movement, rasing a child and remembering where you are employed.
The 'average' person who reads these boards is a small time investor. SOME of the BS is actually OK to not horrible buy/sell advice. The Facts are: I think this is some sorta whatever board, and I participate regularly, and honestly; simply to give my 2 cents. Some of which is well taken, and the flip side disagrees. Ya can't buy better than that.
Now ask yourself this one simple question:
Would the US be in this situation now if Barak Obama had never been elected president?
Hint: Has American govt ever been this disfunctional in its entire 236.5 year history, other than the Civil War?
My intuition tells me that bc that is the general consensus, the exact opposite will happen. I think this market goes up either way. Those holding puts will get slaughtered this week. Bank on it, I am. A repreat of last year is not going to happen, period.
Sentiment: Strong Buy