09-30-2013, 08:58 AM
(09-30-2013, 08:52 AM)hendi_alex Wrote: I'm not so sure about the plunging characterization.
I meant that as a joke, though hard to pull off in text, I guess. The link is to another thread I started a while back expressing annoyance about how every move greater than half a percent is characterized a "plunging" or "soaring" by breathless media idiots.
(09-30-2013, 08:52 AM)hendi_alex Wrote: I think the market is pretty numb to this kind of budget, debt ceiling, Obama care bickering, so am not expecting any major move in the indices. My initial buy points for any stocks of interest remain unchanged.
You may be right about this. And perhaps it is a good sign if the markets are less susceptible to be roiled by the political bickering than they used to be. I'm having trouble figuring out exactly how or why a shutdown should or would lead to different share prices.