iamwhatiseem
Diamond Member
Thus far, Cramer has been correct. The past few days have seen a sell off in stocks due to this nonsense going on in Washington.
Did you consider the possibility that Cramer and others who have been putting out this fear have influenced the decline themselves?
The fact is, no one really knows what will actually happen if the debt ceiling isn't raised. It's only anyone's guess.
Initially we would see a knee-jerk reaction by Wall-Street...which would be followed by a very quick recovery. The smart guys are selling off right now HOPING that the debt ceiling isn't raised...and then start buying when the fall happens - and make out like bandits a week or so later.
I never made so much money in investments than I did in 2008 - 10. I sold off within days of the crash (I admit some luck here) - and I reinvested back in just after the crash - and withdrew again in early 2010. If you sell now, and the government fails to get a deal this weekend and the market falls 1200 points...that could be a very good thing if you sold out prior to that. WIth the bubble-building attitude of Wall Street - I have faith they will drive up stocks rather quickly after the fall.