My first thoughts the last ten days or so have been to guess how the markets would react when the debt ceiling was raised. Would it be sell on the news or a relief rally?? Now after Obama and Boehner did their bolstering I'm ready to batten down the hatches, realizing that what seemed so certain is really at risk, but the risk of default in the short run isn't the bigger problem after that display. I do suspect at least something will pass. Perhaps the kick the can option. I not going to take sides on which plan should pass, we all have our opinions just as the President and Congress do and it's unlikely that we could find compromise on an investment forum. [more]
I find that going against BravoBevo on one of his conviction calls is generally a bad move.
See comment #10 here: http://caps.fool.com/Blogs/allstarportfolio-no-im-not/608441 [more]