What?! When did I ever say that the stock market will not crash if the federal debt ceiling is not raised? OF COURSE this ludicrous stock "market" WILL crash - it's only a matter of when.
Is there anyone out there who does not understand that this current market valuation is entirely the product of unsustainable federal debt games, and has exactly nothing to do with natural economic fundamentals? I fully expect a ~50% market value correction in the next year or so, which is why I have been completely out of stocks for some time now.
Anyone with money still in this farce of a ponzi market better be prepared to lose half of it.
Guess what? No way the US loses 50% of its value.
If you’re so certain, then I wouldn’t be out of stocks, but rather invest in large out of the money puts. Or hell why not go short completely? If your’re so certain of the impending collapse of our great nation, then why the hell not make a few bucks off of it?
Oh yeah, it’s because you have major lack of understanding on the U.S. economy and investing in general.
You may think that most people hate Wall Street, but MOST people ARE invested in stocks or other U.S. securities. We cannot and will not allow the retirements of our citizens to decline 50%.