Showing posts with label Dept Ceiling. Show all posts
Showing posts with label Dept Ceiling. Show all posts

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.