Our Mario Draghi Moment
November 19, 2012
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Last Friday I put signifficantly more money to work in the market. See my article about buying more Apple on that day at $510. I did so becuase I believe we had our Mario Draghi moment where our politicans are going to do "whatever it takes" to avoid the fiscal cliff. Democrats need to get this done or else they will be seen as failing to deliver. Republicans need to get this done since polls show that they would be blamed by the majority for obstructing if it doens't get solved. Republicans have learned that they cannot ignore polling like they did during the election. Therefore I beleve that this issue will be solved in a satisfactory manner here in the very near future (within a month).
If you look at my caps page you'll notice I made the same prediction with European financial stocks after the Draghi statements and it turned out to be a good move. I feel the same way here now about American stocks in general. Therefore, I'm making the same bet.
As always these are just my opinions and I don't pretend to be right all the time.
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