Surprisingly, I have heard as much blaming for the sequestration, especially with it being only a few days away. Maybe, I've become jaded to the political posturing. Maybe, the politicians are working together on a solution. Maybe, a 2.4% spending reduction just doesn't really matter, even though the White House has implied that essential (instead of non-essential) services would be cut first.
My main interest is in the potential impact of sequestration on the stock market. At this point, I don't know whether sequestration will be a positive or a negative. So I'm just going to guess the effect will be negative and continue to sell my stocks that are doing well and wait for a near term buying opportunity.
For reference, my batting average for being correct on an event driving market direction is less than 50%. So contrarians may want to take the opposite view :-)
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This is not financial or investing advice. Please consult a professional advisor.
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