Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
... Please do not take this as investment advice...just me talking out loud about what I am considering for self.
Just my humble opinion, but I consider this a purely news-driven market until the folks in DC come to some agreement, and that agreement needs to include an increase in the debt ceiling. Once that occurs technicals will be back in play.
I think that tomorrow (Friday) we have a sell off, especially in the last hour, because many folks won't want to be long over the weekend. I don't think there will be a resolution during market hours Monday, but who knows after that. Typically we see some last hour agreement and if that was going to happen the buy-in day would be Monday prior to the deadline.
Many of us don't have a Sept IFT left and a last minute agreement would lead to a big up day tues OCT 1, which would be watched by us from the sideline. No last minute agreement would mean a pretty big down day on tues, and I guess I'd be watching it from home
So in my opinion the best buy-in day depends on when you think DC will come to an agreement.
I may be eating crow on Tuesday as I said there will be no shutdown. Now I'm not to sure.A late agreement would be great! Really do not want to see a shutdown.
Could not jump into market today...just seemed like market going up. Will see if fear sets in Monday....and again may just jump in regardless...yes..decisions..decisions!
I think it's a 50 / 50 chance. Doesn't this all hinge on Obamacare defunding?? I think it would be a huge mistake to keep it going another year if they are going to allow so many waivers and exempt Congress so that just us little folks are stuck with it. it's no where near ready for implementation. This is a crock! People need to complain to reps. Really wish Congress would be more responsible and handle these things when they should. If they had spent the time on it like they should have before passing it to work on major kinks, if they had read the damn thing, and if they been honest about its actual impact, we would not be going through this chaos because it never would have passed. Memory might be a bit foggy but I recall they passed it in an "unusual" way around Christmas 2009.I need to go back and read on that again...they shoved it through. Was it that most Congressmen were not there?? Can't remember...there was something odd about that.
Usually That's very true!! But I think in the end this will come back to bit em.... Folks must pay something for it up front .. And get a tax credit?? Those folks don't have the cash to float the gov for a year waiting for a credit.... One of those main media stations was reporting it would only cost about $83 per month, AFTER the credit....that was well worded..wouldn't want to let folks know the actual out of pocket that will be hitting them each month.
Hi JKJ... Yes I did. Thanks! I don't think it will be a losing proposition no matter what happens. If it drops I think it will be temporary and I'll just lose out on the opportunity difference between today's close and lower prices for that 50% of my bean pile. I will not sell until it is way in the black.
News events causing markets to move up or down usually reverse themselves fairly quickly! JMHO I've tried to take advantage many times and have been burned for my trouble virtually every time. Having only two IFTs really puts a crimp in your plans even if you guess right! If you guess wrong you're really screwed! Just my 2 cents worth!
