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Well, crap.
Aug. 5th, 2011 11:45 pmI've been putting off my usual bi-monthlyish "dump money in my IRA" until the whole debt ceiling mess was settled, since I wanted to avoid putting money in the stock market until it was clear that the US wasn't going to default (and I'd like to say that, hey, Congress? Way to suck at your job on that one there. Seriously, it's like a bunch of students, putting off even doing the research for a term paper until the night before it's due. And then they leave for a freaking vacation with the FAA unfunded).
By the skin of our teeth, we dodged the default bullet (how's that for a mixed metaphor?), but then the markets tanked. Okay, I thought. I'll just wait until the markets pull out of free-fall. This could work to my advantage, since I want to buy low anyway. And then, just as it looks like things have gotten to a point where I feel good about putting money in the stock market, the S&P downgrades the US's credit rating.
Crap.
All I gotta say is, Republicans? Whoever you end up nominating for president, you'd better make dang sure they've got a good grasp of economics.
By the skin of our teeth, we dodged the default bullet (how's that for a mixed metaphor?), but then the markets tanked. Okay, I thought. I'll just wait until the markets pull out of free-fall. This could work to my advantage, since I want to buy low anyway. And then, just as it looks like things have gotten to a point where I feel good about putting money in the stock market, the S&P downgrades the US's credit rating.
Crap.
All I gotta say is, Republicans? Whoever you end up nominating for president, you'd better make dang sure they've got a good grasp of economics.
