Sunday, October 13, 2013

Payday Someday

Per a CNBC post: “Throw the bums out. That's the message 60 percent of Americans are sending to Washington in a new NBC News/Wall Street Journal poll, saying if they had the chance to vote to defeat and replace every single member of Congress”

However if the government continues to stay closed and Social Security checks and military pay stop this this percentage would quickly approach 100%.....but a resolution to the continued deficient spending is needed or to quote Dr. R.G. Lee there will be a “Payday Someday”.

It’s just impossible to imagine that this will not get resolved before we can no longer print these checks. What politician dares getting saddled with the mantle of having been responsible for stopping these payments? But government shutdown seems to be the only way that the present parties can negotiate. Does that action make “Payday Someday” inevitable as deficient spending goes on unresolved and unrestrained?

Enough gloom and doom, it seems clear to me that the present issue will get resolved, the debt ceiling raised once more and the checks printed,  but perhaps not without additional volatility to create more buying opportunities.

What did I see in my weekend review?

The 10-yr Treasury yield 2.682 %

IBD (Investor Business Daily) continues: Uptrend Under Pressure

Copernicus Systems: Long, but mixed IMHO

Moneys Flows:  still positive

Currently my "Stocks for a Trade" now consists of:

ABX -10.14%

ETF’s for a trade are:

QQQ +7.21% 

IWM +8.63%

IBB -.67%

What will I do?

I confess once again I just am not nimble to nor currently have time available to pick up bargains and stocks on sale, but if the opportunities arise adding to the above current positions would be just fine with me along with additions such as: SOHU, YHOO, CRM and PCLN.

I hope you have a great week.

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