Now that the Fed has committed to continue buying $85 billion every month, when will we see the next buying opportunity?
Keep an eye out for bargains in mid-October when the media focuses on the debt ceiling and potential shutdown of the US government.
Business Insider reported on Sept. 16, 2013 that this could get ugly. http://finance.yahoo.com/news/obama-adviser-last-debt-ceiling-133000155.html;_ylt=A2KJ3Cac_jlSJVcAtliTmYlQ The emphasis below is mine.
"Gene Sperling, the director of the National Economic Council at the White House, told reporters on a conference call that, according to business leaders who have shared their thoughts with the White House, the 2011 debate over raising the debt ceiling hurt consumer confidence on a level comparable with 'Pearl Harbor or 9/11.'"
Keep an eye out for bargains in mid-October when the media focuses on the debt ceiling and potential shutdown of the US government.
"Gene Sperling, the director of the National Economic Council at the White House, told reporters on a conference call that, according to business leaders who have shared their thoughts with the White House, the 2011 debate over raising the debt ceiling hurt consumer confidence on a level comparable with 'Pearl Harbor or 9/11.'"
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