Thursday, July 28, 2011

Debt Worries

This post will be brief

If the politicians can't come to a decision on the debt ceiling the United States will default and the stock market will fall at levels on par with 2008. I personally am going 100% cash in my United States portfolio but maintaining my Asia and European positions. This situation is very scary in that it is 100% preventable, all congress has to do is raise the ceiling. Until an agreement has reached I would stay out of US stocks.

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