Do the games the Republicans are playing with the debt

[redstateblues]

Ceiling make it a bad time to get into the stock market?

[Claustrum]

1. Disclaimer: not a money guru at all

I would rather look at the big picture and general trend rather than one event. My personal opinion is that the stock market is due for correction since 2016. From history, stock market is due for a big correction in every 8-10 years. I am starting to think it has to do with republican economic philosophy and many republicans (including Trump) famously said he would like to see a crash so he can buy some property for cheap. If we count the Obama recovery from around 2008, it has been 12-13 years without a big correction. Another big factor is COVID and how it affects the global economy. We are hearing news stories from many countries about raising cost (due to higher transport cost, etc.) and one country finance trouble could trigger a stock market crash.

But obviously, I've been wrong since 2016 so don't take my words for it and do your own assessment.

[ProudMNDemocrat]

2. Talk with your Financial Planner as to the correct course

To take.

When the market was tanking last year, my husband had a big chunk of our retirement savings put in money market accounts to give us some shielding against big losses. We still have some in the Stock Market. So we still have money making money as we speak.

[Shermann]

3. The markets will probably remain in a holding pattern until this is settled

The Turtle enjoys his little game of brinksmanship but has already blinked once. He's not going to stick his neck too far out of his shell on this one.

[gratuitous]

4. Well, I've always heard

It's been my understanding from conservatives that business just hates, Hates, HATES unpredictability. That's why it's ever-so-wrong to ask corporations to contribute more to the society and the system that makes them so much money. Taxes = Evil

Yet, here are the bestest friends of our corporate overlords piling on the volatility and unpredictability of the economy, and I'm not hearing much from the business community that the Republicans are indulging too much fuckery for business to count on the solvency of the United States. For about three seconds earlier this week, it looked like the national chamber of commerce was going to break up with the Republicans, but after Mitch picked up a box of chocolates at the Gas-N-Save, all is well again.

Bottom line: I don't know. Looks like a mug's game right now.