The "fiscal cliff" deadline came and went without even a bearish whimper from the stock market. Now, the so-called "budget sequester" -- a set of laws that limit federal spending -- was put into effect on March 1. Absolutely nothing negative has happened to the economy -- so far.
The bullish reactions to these events, which may result in long-term, negative overhang on the thriving stock market, have lulled many investors into a false sense of security. These satisfied investors point to the stock market roaring higher, steadily improving economic numbers and to bad news being dismissed as irrelevant as sure signs that the market's surge won't end any time soon.
But investors should be concerned... Continue reading "How to Protect Your Portfolio From the Sequester"
For the last few weeks, everyone was focused on the impending sequester on March 1st. However once that day came, it seemed like a non-event. There hasn't been much public outcry from what I've seen and both sides seem to be OK with it.
Take a moment to vote on our poll and leave a comment with your thoughts.
President Barack Obama is pulling out all the stops to warn just what could happen if automatic budget cuts kick in. Americans are reacting with a collective yawn.
They know the drill: Obama raises the alarm, Democrats and Republicans accuse each other of holding a deal hostage, there's a lot of yelling on cable news, and then finally, when everyone has made their points, a deal is struck and the day is saved.
Maybe not this time. Two days before $85 billion in cuts are set to hit federal programs with all the precision of a wrecking ball, there are no signs that a deal is imminent. Even the White House conceded Wednesday that efforts to avoid the cuts were unlikely to succeed before they kick in on Friday.
Still, for all the grim predictions, Americans seem to be flipping the channel to something a little less, well, boring. They wonder, haven't we been here before? Continue reading "Americans Yawn At Budget Cut Hype"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 26th of February.
In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.
STOCKS ON THE MOVE TODAY:
Discover Financial (DFS)
Newfield Exploration (NFX) Continue reading "Today's Video Newsletter: Yesterday's concerns become today's reality"
On March 1st (Friday) Sequestration is set to start and I wonder if our government is doing everything they can to avoid it. What do you think?