Connect with us

archive

Itâ??s the Reaction, not the Details, that Matter

For more than two weeks there has been a partial shutdown of the federal government, as Republicans and Democrats in the House of Representatives, the Senate and in the White House battle over the budget and how much of our money they plan to keep borrowing and spending.

This morning, there appears to be a compromise deal on the table reached in the Senate to end the government shutdown and to raise the debt-ceiling limit so that the politicians can borrow more money, get us further into debt and gain more and more fiscal influence over the economy.

Now, as of this writing (midday Wednesday), a final deal hasnâ??t been agreed upon, although it certainly appears that we will get a deal done by tonight, before the somewhat opaque debt-ceiling deadline of Oct. 17. Of course, the details of the deal are not as important, at least from an investment standpoint, as the marketâ??s reaction to the details.

To read the rest of this article, click here now.

Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbertâ??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.

TRENDING NOW:

archive

It’s the Reaction, not the Details, that Matter

For more than two weeks there has been a partial shutdown of the federal government, as Republicans and Democrats in the House of Representatives, the Senate and in the White House battle over the budget and how much of our money they plan to keep borrowing and spending.

This morning, there appears to be a compromise deal on the table reached in the Senate to end the government shutdown and to raise the debt-ceiling limit so that the politicians can borrow more money, get us further into debt and gain more and more fiscal influence over the economy.

Now, as of this writing (midday Wednesday), a final deal hasn’t been agreed upon, although it certainly appears that we will get a deal done by tonight, before the somewhat opaque debt-ceiling deadline of Oct. 17. Of course, the details of the deal are not as important, at least from an investment standpoint, as the market’s reaction to the details.

To read the rest of this article, click here now.

TRENDING NOW:

Connect