It doesn't seem to matter. The lack of a deal on the US government debt limit sent the markets down over the past week or so. Yesterday, on the last possible day, a deal was struck, bills were passed and signed into law and the markets took a nosedive. Worldwide the markets are down overnight and things aren't looking great. At the moment, US futures are up a tick but down from a couple of hours ago. My guess is that this could be the ninth consecutive down day for the DOW.
Those who hung in there and were enjoying the ride up earlier in the year are once again asking what the heck is going on. Once again finance guy has stopped returning calls...after all, it is time for summer vacation. Isn't it?
When I made my recent switch from bond fund to bond fund it was suggested that I keep a bit in play with a conservative balanced fund or even an ultra-conservative balanced fund. "Mostly bonds but with some blue chip market exposure", I was told. I stood my ground and said that no, I'd prefer to leave it all in a bond fund until I see some stability in the market and far less worldwide doom and gloom. As regular readers know, I'm not the sharpest knife in any drawer, but on occasion I do make the right call. More gut instinct than brains, but hey, whatever works.
Question, is anyone else watching CNBC's early morning show Squawk Box? When did it change from a business news reporting show to a daily $#!^ fight with two scary righties beating on the lone lefty.
Those who hung in there and were enjoying the ride up earlier in the year are once again asking what the heck is going on. Once again finance guy has stopped returning calls...after all, it is time for summer vacation. Isn't it?
When I made my recent switch from bond fund to bond fund it was suggested that I keep a bit in play with a conservative balanced fund or even an ultra-conservative balanced fund. "Mostly bonds but with some blue chip market exposure", I was told. I stood my ground and said that no, I'd prefer to leave it all in a bond fund until I see some stability in the market and far less worldwide doom and gloom. As regular readers know, I'm not the sharpest knife in any drawer, but on occasion I do make the right call. More gut instinct than brains, but hey, whatever works.
Question, is anyone else watching CNBC's early morning show Squawk Box? When did it change from a business news reporting show to a daily $#!^ fight with two scary righties beating on the lone lefty.
As always, good luck and happy investing!
No comments:
Post a Comment