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Time to put some more in the market on the heels of sequester fear?
Posted on 2/25/13 at 3:06 pm
Posted on 2/25/13 at 3:06 pm
Will tomorrow through Friday be good days to throw a few more bones into the market on the sequester fears? Seems like this will be another crisis like the one we had shortly before New Years that once it got to zero hour things were hammered out in typical Washington fashion and stocks soared.
2
Posted on 2/25/13 at 3:15 pm to TJG210
Have no idea, but this is when it's nice to have some spare cash for a large funds purchase. Whatever is already in, can sit as usual, but if we have a few more days in the red, I'm buying bigger than usual.
Posted on 2/25/13 at 3:22 pm to TJG210
quote:
Time to put some more in the market on the heels of sequester fear?
But Yahoo Finance and CNN Money are telling me its because of Italian Election Uncertainity?
BTW, what the hell does that have to do with the markets shedding 1.5%? That is an honest question as I follow the markets but have no clue.
Posted on 2/25/13 at 3:32 pm to OnTheBrink
Markets hate uncertainty........but it seems like we've been through this drill many times and once things shake out the market rebounds. One of the textbook examples of this is Black Monday (1987)....if I'm not mistaken if you had bought at the low end that day you would have made bank if you held the stocks for any measurable amount of time.
Posted on 2/25/13 at 3:37 pm to TJG210
quote:
Markets hate uncertainty
I get that. But, it is sensitive to the Italian election? I mean really?
ETA:
This post was edited on 2/25/13 at 3:39 pm
Posted on 2/25/13 at 4:02 pm to OnTheBrink
quote:
I get that. But, it is sensitive to the Italian election? I mean really?
A lot of shite you wouldn't think matter.....matters.
Posted on 2/25/13 at 4:07 pm to TJG210
And a lot of things you think really matter, really don't.
Posted on 2/25/13 at 4:33 pm to OnTheBrink
quote:
But Yahoo Finance and CNN Money are telling me its because of Italian Election Uncertainity?
They have to have a simple reason to fit into their headline. A lot of the time it is comical nonsense. There has been a shite-ton of bad economic news lately but everybody is operating on the assumption that the Fed can keep the market inflated regardless of the fundamentals. I think that belief is dangerous as hell.
Posted on 2/25/13 at 4:39 pm to OnTheBrink
quote:
But Yahoo Finance and CNN Money are telling me its because of Italian Election Uncertainity?
This time the media got it right. If Silvio Bersculoni and the anti-EU party gain control that takes away all the market momentum we got from the OMT announcement. Once asked a question in relation to the markets Silvio basically called the people raising Italy's borrowing costs "a bunch of coke snorting traders".
. He failed the mention the 1% CUMULATIVE GDP growth for Italy in the 2000's decades. That definitely didn't have anything to do with it. Also, in regards to the sequester. We're going to go over the sequester, the deal will not get done before 3/1. A couple dates that you might see a deal get done is March 27th when the Continuing Resolution (basically stop-gap financing when the government can't pass a budget) and April 15th when Congress must actually pass a budget blueprint or they don't get paid. Keep in mind this just needs to be a blueprint, not an actual budget that is signed.
Posted on 2/25/13 at 4:42 pm to BennyAndTheInkJets
as if silvio has any room to pass judgment on the recreational drug use and personal life choices of anyone else
Posted on 2/25/13 at 4:46 pm to boosiebadazz
Him and Rajoy just need to go ahead and quit this whole European political hobby they have and start teaching the world about true morality.
This post was edited on 2/25/13 at 4:46 pm
Posted on 2/25/13 at 7:12 pm to BennyAndTheInkJets
quote:
This time the media got it right.
Maybe, but I think a better headline is:
"After rising repeatedly on bad economic news the markets decide to plummet on bad economic news."
Posted on 2/25/13 at 9:44 pm to BennyAndTheInkJets
quote:
Keep in mind this just needs to be a blueprint, not an actual budget that is signed.
Man, where can I get a job like this?
Posted on 2/25/13 at 10:24 pm to Meauxjeaux
quote:
Man, where can I get a job like this?
Easy. Get a job that allows you to make the rules that govern you. Then, when you don't like those rules, have them changed. Very nice set up they have.
Posted on 2/26/13 at 11:43 am to Teddy Ruxpin
Buy more good companies at high yield and reinvest the dividends and relax....added more kmi this morning in high 35s t 4.1% yield so I'm damn stoked
Posted on 2/26/13 at 1:00 pm to OnTheBrink
Soooooooo, the Italian Election uncertainity is now certain with the markets moving up ~1% today?
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