Yeah, I'm not saying it's going to be a big huge dip, but I think it would have some effect on the market short term. Consumer sentiment is still low right now and there is still a lot of uncertainty in the market. So news like this will have an impact (short term) As a swing trader this kind of news gets my blood pumping
Plus in 2011 there was a non-zero chance the Tea Party wouldn't relent and the government would shut down for a very long period of time. S&P used the argument that the federal government were dysfunctional.
it only effects investors who are long right - do you ever think that someone like me which is very rare granted no many like me on planet earth - we look at it as a possible point to see puts or but for reversion to the mean. but hey doom and gloom is just like option buying its great for bringing bugs to the spider web.
In two or ten years....that's a ton of time away for a day trader. I don't even care what happens next week or tomorrow. I live each day independently. And then forget about it when the closing bell rings. Anything else to me is just noise, hype, drama and nonsense.
Right. I've never used leverage in trading or messed with options or futures, too risky for me. Maybe one day I'll give it a shot