Friday, February 22, 2013

Sequestration and the market


Will Sequestration have an affect on the market?  I think it will be yet another non event, but of course, with all the hype, it can still give the market jitters.

Now that its only 1 week away, the campaigning is going into overdrive and the blame game continues...

Top Links: One week until sequestration and the Republican ...
tv.msnbc.com
Republicans' attempt to blame President Obama for the sequester cuts doesn't appear to be working. (AP Photo/J. Scott Applewhite). Top story: This time next Friday, Republicans may be ruing their sequestration strategy

Housing may be a different story, and this delves a bit deeper into how that market will be directly be influenced.
...
Why Sequestration Will Hit Housing on Several Fronts
www.cnbc.com At least one government official warns that the massive government budget cuts would be, "deeply destructive" to all aspects of the housing market.

Whatever the final result, it provides us with opportunity, especially coupled with the overbought market.

Next week is set to be an interesting one.

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