Budget & Debt Ceiling Woes Again-This Time Will be Different : Small Time Blog

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Budget & Debt Ceiling Woes Again-This Time Will be Different

by Bradley Voight on 09/27/13

I am going to make a bold prediction and say that the congressional logjam will be freed without a hitch and a compromise will be made. The debt ceiling will also be raised without incident. How do I know this? I do not for sure but I suspect that congress would like to avoid the circus that took place in the summer of 2011 when the credit rating of the United States of America was downgraded for the first time ever. The Fed has given large banks lots of ammo that has yet to be spent and big money loves to buy. 


The Dow 30 and S&P 500 have been making new highs, then shrinking back in the face of Europe, Fed tapering of their bond purchases, Greece, Libya, Syria, and the myriad of other things there has been to worry about out there in the big scary world. If the markets get any sort of all clear signal we could be off too the races. Markets that climb a wall of worry are a good sign in my book because when the coast is finally clear, there is no excuse not to buy. I look for the S&P 500 at or near 1800 by years end if I am right about the government not shutting down and the debt ceiling being raised. Let's keep our fingers crossed.

Comments (1)

1. chuferd said on 10/3/13 - 06:21AM
Boy have I been wrong on this one!!


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