RE: RE: Calm before the storm? Hi Pokinfun sorry tried to rate your post but my computer or the site would not let me give higher than a 2
First off thanks while i agree with your thoughts as to the debt ceiling and the fiscal cliff it is what prompted me to buy initially ,took a bit of a bath as i started accumulating around 20.00 and have been averaging down. the sad thing is did some research on the debt ceiling and though the big market swngs were aug, sept last year though the us hit its debt ceilind around april it appears the fed can shift money around for three months to pay bills even after they have hit their debt cieling. the most pessimistic or optomistict depending on you stance is that the us will hit the debt ceiling sept 15 or therabouts. Then 3 months of the fed covering brings mid dec before this really affects the markets, To long to be in this without one of the other factors comming into play.