If you’re an investor, there’s an important date coming up. You’ve probably read about it, but everything you’ve read is wrong – including what the actual date is!
I’m talking about the coming debt ceiling drop dead date, which Treasury Secretary Mnuchin says is September 29. Mnuchin also says that, unless Congress acts on that day, the government will run out of money. At the same time, the government will have lost its ability to borrow money from the public to finance its ongoing deficits.
As I have reported in my Wall Street Examiner Pro Trader Federal Revenues report, the Treasury appears to have enough cash to last until mid-October, not September 29, as Mnuchin is threatening. There is some uncertainty however, due to a large military pension fund payment that is legally required on October 2.
And on that date you’ll see one headline that will be your signal to sell – fast.
In this column I’ll show you exactly what is going to happen and when. I’ll also show why the analysts are completely wrong about the market’s direction. As we get closer to the real drop dead day I’ll show you how to position your portfolio for maximum profit during the crisis using my exclusive LAMPP indicator.
And on that date you’ll see one headline that will be your signal to sell – fast.
First, here’s what’s really happening (if you ignore the hype)…
The post As Soon As You See This Headline, Sell Every Stock You Own appeared first on Lee Adler’s Sure Money.
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