It's important to remember that the latest talking-heads that you hear on the financial news are the latest who are spouting the most conventional views. TV producers for instance pick who they want to speak based on their own personal biases for what the answer should be.
Case in point: the debt ceiling. I've heard many views about how the debt default would be bad. Of course it would be bad. AND, it would be the single most bullish event in the history of the modern world.
If you can't rely on US debt, which is the standard for every other piece of debt the world over, there will be no alternative but to move money elsewhere. It will be a cascade of money pouring out of debt instruments. The ones who will suffer the most will likely be insurance companies and banks. The ones who gain the most will be anyone short debt.
In 2011, the debt ceiling was solved and the market sold off. Today, the market's rallying.
SPY is almost through a breakout level that could propel it back to 40.00 higher. Just saying.
Case in point: the debt ceiling. I've heard many views about how the debt default would be bad. Of course it would be bad. AND, it would be the single most bullish event in the history of the modern world.
If you can't rely on US debt, which is the standard for every other piece of debt the world over, there will be no alternative but to move money elsewhere. It will be a cascade of money pouring out of debt instruments. The ones who will suffer the most will likely be insurance companies and banks. The ones who gain the most will be anyone short debt.
In 2011, the debt ceiling was solved and the market sold off. Today, the market's rallying.
SPY is almost through a breakout level that could propel it back to 40.00 higher. Just saying.
Trade closed: target reached