The thought had also crossed my mind that we should be able to make up for last week's almost 4% drop with a passing of the debt ceiling bill. So why not put in a chunk of money and make a few quick grand (using tax deferred money)?
It could be madness but it could be fun. But then ....
...ugly reality of the moment. The trading nightmare begins. Monday down, and Tuesday after the bill passage ... right now the SP500 is down 1.5%.
We seem to be going for 7 down days in a row as I write this. Doing short term trading is a tough game. So far I've resisted the urge, watching my portfolio decline is enough pain. Reasons for the decline? Probably has something to do with economics rather then politics. Bond market rallying while equities decline -- could be the market is predicting declining growth.
But I do think that at some point there is money to be made on the upside .... eventually.