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WELCOME to Ross Aldridge Day Trading blog, one that seeks to provide informative news & proven techniques to enhance your trading performance. I’ll review some of the latest research on topics such as; 1 .Behavioral finance, trading & market psychology 2. Decision making processes &... More
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  • Debt Ceiling Will Be A Bigger Threat To The Markets! 0 comments
    Oct 8, 2013 8:47 AM | about stocks: GS, BAC

    Ross Aldridge Las Vegas Nevada concurs with Warren Buffet on the Debt Ceilings looming effects on the 4th Quarter stock market.

    While many market watchers are focusing on the looming possibility of a government shutdown, Russia is more worried about a bigger threat to the market coming later in October.
    Debt Ceiling

    Most headlines today are focusing on the looming possibility of a government shutdown, but the economic impact of a short-term shutdown would probably be limited to modest dents in fourth-quarter economic growth and consumer confidence.

    In fact, in my opinion, there's a much bigger threat to the market coming later in October.

    As I write in my new weekly commentary, the more significant risk relates to the debt ceiling-the statutory limit on the amount of debt the United States is able to issue. The government is set to hit the debt ceiling, i.e. the current threshold of $16.7 trillion, in two to three weeks.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GS, BAC
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