jkenjohnson
Active member
I moved this from another thread. Just want to know other peoples thoughts on bailing out today?
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Or you can now use TapaTalk again!Who's bailing today?
- Thread starter jkenjohnson
- Start date
maverick06
Member
They cant be dumb enough to default.
I have a long time before retirement to recover from screwups.
I will ride this out and hope for the upside potential.
But if we do default, i expect a drop unlike anything i have seen before.... maybe i should pull a portion back.....
But stocks are up amid positive speculation!
there is a reason i keep checking into the forum and Drudge...
I think i will ride this one out... I have an hour and 20 min to decide, as of now, I am all in.
Danny
Member
Do you mean in regard to buying the rumor selling the news type stratagy? ...or selling because of a falure of congress to come up with a solution to avoid default?
Danny
jkenjohnson
Active member
Either one.
jkenjohnson
Active member
One thing I can't understand is the difference in yesterday and today. Nothing has changed unless I missed something.
RazorCat
Well-known member
Actually Maverick06, I think Congress and the Free Lunch King ARE dumb enough to let a default occur. Of course, it won't occur anywhere near Oct. 17th as the lie goes.
Lew knows the government has a huge surplus and is taking in even more money each day. It doesn't just all stop. But, yes, I believe they are dumb enough to let it occur.
You can't cure stupid as they say.
Khotso
Well-known member
Bailing? I was thinking of going all in from my current 20C/45S/35G allocation. The CR/debt limit will be resolved within a couple days if not today. I think there will be temporary market euphoria when that happens (to 1750 on the SPX minimally) followed by a sell off. But then again, what do I know??!! Since I've got 2 IFTs still, I am a bit ambivalent and may hold where I'm at until I think things are about topped, then move to G in anticipation of another buying opportunity before month's end.
Whipsaw
Well-known member
I missed the last bottom with the first go around of discussions (JTH nailed it)... Senate just sent a 'deal' over to Congress, I think based on a previous Congress bill; has yet to be seen if that will pass. If not, down we go; no telling what POTUS will do... Not chasing, not 'buying high.' I'm expecting for more downside but who knows... Congress should stand firm and not let their power be usurped by Senate or POTUS. :suspicious:
jkenjohnson
Active member
Good luck. I'm out.
RazorCat
Well-known member
Me too
maverick06
Member
confirmed, staying in
jkenjohnson
Active member
Changed my mind at the last minute. Still in.
DreamboatAnnie
Well-known member
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