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Could the stock market tank if a debt deal isn't done by the deadline?
Posted on 10/9/13 at 12:26 pm
Posted on 10/9/13 at 12:26 pm
If neither side blinks and somehow a deal isn't done on time, what are the broader ramifications of that? Will the markets tank? Could we go into another recession? Could it affect the global economy?
3
Posted on 10/9/13 at 12:59 pm to hikingfan
Could it? Of course.
Will it? Only if the petulant child instructs the Secretary of the Treasury to NOT service US debt with existing revenues.
Will it? Only if the petulant child instructs the Secretary of the Treasury to NOT service US debt with existing revenues.
Posted on 10/9/13 at 1:05 pm to hikingfan
Market is up now that Moody's has come out and said that the US will not default on creditors and our rating will not be downgraded.
Posted on 10/9/13 at 1:18 pm to hikingfan
quote:I sure hope so. I'm getting tired of holding all this cash in my brokerage accounts.
Could the stock market tank if a debt deal isn't done by the deadline?
Posted on 10/9/13 at 4:46 pm to LSURussian
isn't cash a good investment if the market tanks?
Posted on 10/9/13 at 5:04 pm to evil cockroach
quote:
isn't cash a good investment if the market tanks?
I think he's interested in scooping up some investments on the cheap.
Same way in 2008, if you have the cash when the market tanks itself to inject, it'll pay off greatly in the long run.
Posted on 10/9/13 at 5:09 pm to southernelite
I have almost all cash 
deciding whether I should use it to
a) invest
or
b) start my emergency fund
deciding whether I should use it to
a) invest
or
b) start my emergency fund
Posted on 10/9/13 at 5:10 pm to evil cockroach
This is what I'm referring to....
(Posted on 2/14/09 at 11:48 am) March 6, 2009 was the bottom of the stock market during the 2007/2009 financial crisis
(Posted on 2/14/09 at 11:48 am) March 6, 2009 was the bottom of the stock market during the 2007/2009 financial crisis
Posted on 10/9/13 at 5:26 pm to LSURussian
subtle brag
Posted on 10/9/13 at 5:32 pm to jimbeam
quote:
obvious brag
But hell of a call.
Posted on 10/9/13 at 5:58 pm to jimbeam
quote:I didn't intend for it to be subtle....
subtle brag
Posted on 10/9/13 at 6:04 pm to LSURussian
they seriously need to put a sarcasm meter on here
would have been prime opportunity for me to use it
would have been prime opportunity for me to use it
Posted on 10/9/13 at 6:53 pm to LSURussian
quote:
This is what I'm referring to..
i actually remember that thread, and remember thinking "frick it, might as well go in" that very same week. that's paying off
thanks, if i never said so
Posted on 10/9/13 at 7:02 pm to 90proofprofessional
You're welcome.
We both more than doubled on what we bought within 4 years.
We both more than doubled on what we bought within 4 years.
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