Who's bailing today?

[jkenjohnson]

I moved this from another thread. Just want to know other peoples thoughts on bailing out today?

 

[maverick06]

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]

I moved this from another thread. Just want to know other peoples thoughts on bailing out today?

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]

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

Either one.

 

[jkenjohnson]

One thing I can't understand is the difference in yesterday and today. Nothing has changed unless I missed something.

 

[RazorCat]

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]

One thing I can't understand is the difference in yesterday and today. Nothing has changed unless I missed something.

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]

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]

Good luck. I'm out.

 

[PLANO]

Looks like a deal is likely today, could be more upside tomorrow because of it. I just moved back in yesterday so I'm going to ride it out.

 

[RazorCat]

Good luck. I'm out.

Me too

 

[maverick06]

confirmed, staying in

 

[jkenjohnson]

Changed my mind at the last minute. Still in.

 

[Birchtree]

The VIX at 15.36 says stay the course - especially if you want Ferdinand to romp further into uncharted territory.

 

[Chulke]

I'm staying comfortably in the C fund!

I think the C will outperform the S over the remainder of the year...

From there...who knows what will happen...But the C is the place to be at this moment!


Cheers!

 

[rktect1]

I was 80% going to bail today. Did not do it and right now I am at 90% wishing I had bailed.

Tomorrow is another day.

 

[DreamboatAnnie]

Yes ....After all Tomorrow is another day!

I was 80% going to bail today. Did not do it and right now I am at 90% wishing I had bailed.

Tomorrow is another day.

 

[nnuut]

Can't bail when I'm already bailed!:laugh:

 

[JTH]

All in, bring on the pain...

 

[EricDeLee]

All in, bring on the pain...

Well... It passed the Senate vote and the house vote

i think you'll do just fine.... Looks like another good day tomorrow