Friday, September 27, 2013

Wall Street to GOP: Are You Crazy?

It's time to take a defensive posture with regard to investment portfolios .... I am liquidating equity holdings in favor of cash. Between the budget debate, the debt ceiling debate and the possibility of the Fed deciding later this month to taper its purchases of bonds, the probability that there will be a significant market downturn is greater than any upside potential over the next few weeks.