Frankly, I have little to say today, other than passing on the advice below. Truly, it is the only and best thing to say right now, because, at some point, the nonsense in Washington will end.
- Traders and investors who ran for the exits when the S&P 500 dropped 18% over three harrowing weeks in late June and early July of 2011 missed a huge subsequent rally. It was a hard lesson, still fresh in the mind of investors.
The world seems to be on the edge in so many ways, right now, and when the US adds to that edginess with a threat to default and wreck its economy by shutting down the government at the same time, well, one has to wonder about sanity – are those holding the USs’ economic stability hostage for ideological purposes insane?
Trade in the day; Invest in your life …
