March 01, 2013
– Comments (17) |
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The Fiscal Cliff Sequester: What It Means for Investors
2% of spending.
Move along people, nothing to see here.
Not even that Chris. Congress can always restore through resolutions. It is nothing but a game which the Market is well aware of.
I was hoping for insightful comments, but my hopes were dashed.
Perhaps you missed the insight TMFAleph. This is a drop in the bucket, and nowhere near what we have to cut to have an economy that won't go broke later. The Democrats will now try to cut in ways to make things look more painful, and the Republicans will still not cave in. It won't get to scary until about September
Even then it will only be politician scary and not real scary.
It's just a side effect of the party in power thinking that they have enough power to become militant.
Know your topic then Alex. You were told the truth here. But you usually hate being challenged. This is a game of politics and the Market knows it that is why it didn't crash today like you were trying to suggest when you started this article too soon. All these cuts can always be restored. The REAL issue will be the whole "debt ceiling" again.
I don't know which article you were reading. I never once suggested that the market would crash today -- I have no idea what the market will do on any given day.
down 0.29% and 0.25%, respectively, as of 10:15 a.m. EST.
If you confuse stating the market's current return at a specific point in time with predicting a crash, that's not an auspicious start. I write these articles every morning, they are published at the same time every morning and the first paragraph always follows rigorously the same format, which includes stating the return of the S&P 500 and the Dow.
The sequester represents $85 billion in across-the-board spending cuts from now through the end of the budgetary year in September and $1.2 trillion over the next decade.
The impact on GDP growth is clearly a concern with regard to the broad economy, not to mention those workers who will lose their jobs temporarily or permanently as a result of the spending cuts.
You didn't even get the math right.
You are officially a partisan poster.This is only a story for the people that want to make it story.
So pick a battle. I either contributed nothing or I attacked you. I'm not sure I have done either, but I know I subdued your headline, but that is what happens when you make a non-story a story. If you could report facts without an agenda you'd probably be immune.
Neither awallejr or I said that you said the market would crash, but both of us picked up on the fact that you tried to make it news when it was not. People only do things like that with an objective in mind.
If you can get the two of us to agree on anything, you have really accomplished something because we are normally polar opposites.
So it's ok, let me know if I didn't contribute anything or if I put words in your mouth. Whatever makes you feel ok about yourself is fine by me. I'll just keep letting the facts get in your way.
Sorry for being so antagonistic to non-news stories.
10 comments and 1 rec now. Was I really an attacker in this post?
Alex it is very rare that Chris and I are on the same side. When we are people really should listen. You opened your article stating how the market was down. You then argued how sequestration might cause GDP to decline .6%. You then post a chart correlating GDP to the Stock market.
Both Chris and I challenge the clearly obvious implication of your article and your typical response is to insult. The difference between us and you is our agenda is to argue sincere viewpoints, yours is to sell a product.
Personally I am fine with your attempt to push TMF products, but be sincere and stop with the attacks on people who challenge your underlying topical arguments.
Yeah, let me not put money into energy stocks because congress is pretending to change...
This would be just a reduction in the current rate of increase...no real cuts, yet. As others have pointed out, this is subject to change when those in power can stomach it anymore.
I really don't know why the Fool site has kept you on as one of their writers, Alex. Except to try to sell TMF products...
The market shook it off yesterday and was actually up.
Wow, humor, didn't think you had it in you. Unless, of course, it wasn't meant to be from your point of view ;p Alex stop taking disagreements personally. Defend your position when challenged without the snide commentary.