The Debt Ceiling and Other Dangers
Here's my column for Fool.com today:
The folks at Footnoted.com have noted a recent surge in SEC filings disclosing the risks of the debt ceiling/default potential to companies' businesses. It's a good reminder why digging into the SEC filings and reading up on risks (and here we have a new risk increasingly being disclosed) is important. We've got a lot of risks to contend with these days, right? We need to do our best to at least be aware of them and how the ripple effects could hurt companies we invest in.
I haven't been engaged in the big heated debates about the economy here lately. Too much politicized animosity. But I will say (as I say in the article) that regardless of the outcome of all this debt ceiling debating, the economy is clearly in a shambles. It's a good time to cull the weaker companies out of portfolios. (I said that in 2008, of course, and for some reason we've had a weird bull market. I guess the whole "kicking the can down the road" issue we keep having props up a lot of stocks, eh?)
I hope this doesn't sound too dismal. ;) We do live in interesting times, that's for sure. Have a great weekend, Fools!