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It's very obvious we are going to miss the debt ceiling deadline and all stocks are going to take a nosedive. Should I just get out now or can I hang on a few more weeks?
Long term dumping stock and buying gold is a good bet. Gold should hit $12k or so assuming that the stock market doesn't crash. The fed is trying hard to keep it up with all the printed money floating around.
http://blogs.reuters.com/rolfe-winkl...ow-vs-gold.jpg 2 or 3 years. We are headed into the mother of all gold bubbles. The DOW will cost less than 1 oz of gold to buy. Assuming the the fed keeps the DOW pumped up then gold should hit $12k or a bit more.
There's a saying, "Pigs get fat and Hogs get slaughtered". If you have some decent gains why not take a little profit off the table and wait out the turmoil in cash. If there is a big drop, may be a good re-entry point. If it doesn't drop you can always get back in with nothing lost. Dry powder, I believe they call it. Very difficult to time the market precisely but right now we are in volatile times. Europe is a mess, debt ceiling discussions and possible China slowdown all could put pressure on prices.
There's a saying, "Pigs get fat and Hogs get slaughtered". If you have some decent gains why not take a little profit off the table and wait out the turmoil in cash. If there is a big drop, may be a good re-entry point. If it doesn't drop you can always get back in with nothing lost. Dry powder, I believe they call it. Very difficult to time the market precisely but right now we are in volatile times. Europe is a mess, debt ceiling discussions and possible China slowdown all could put pressure on prices.
Not to mention that the market is being manipulated big time by the fed.
There's a saying, "Pigs get fat and Hogs get slaughtered". If you have some decent gains why not take a little profit off the table and wait out the turmoil in cash. If there is a big drop, may be a good re-entry point. If it doesn't drop you can always get back in with nothing lost. Dry powder, I believe they call it. Very difficult to time the market precisely but right now we are in volatile times. Europe is a mess, debt ceiling discussions and possible China slowdown all could put pressure on prices.
actually the best thing is if your well diversified and your at the allocations your comfortable with than do nothing.
if things fall,re-balance.
anyone who thinks they are going to bail and call this right hasnt been an investor very long or they are a mighty poor one playing that game..
dont screw around with your own stratagy and plan assuming your smart enough in the first place to have one.
stick to the plan and odds are you will do just fine.
Why would stocks nosedive? That's like totally silly. There's no relationship here. I'm sure the market will drop 200-300 points on the news, but it will recover within a few hours or days.
I would think (perhaps incorrectly) that bond yields would rise, making it more attractive to investors, thus drawing capital away from equity markets. I don't think they'll default though.. I think they'll break Obama, and it will be rough to watch.
bond yields are dropping. the flight to safety once again altered the obvious the masses thought would happen.
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