Budget deal spooks Wall Street- MSN Money
This is an excellent article about how the proposed bi-partisan Congressional budget deal led to a big down day for stocks. The twisted thinking is that the Federal Reserve will soon take away the QE money benefits. Whether the Fed tapers or not, the bi-partisan budget deal is the best news to come from Congress in three years. Congress is finally wanting to work together so that we can have smooth sailing through 2015.
Another part of the article advocated that now is the time to short stocks. I don't necessarily subscribe to that idea, but I will be looking for bargains after any corrections. For example, solar stocks have experienced amazing gains this year. They might be worth buying after a big pullback. If you don't want to risk buying individual solar stocks, you could buy TAN, a solar stock ETF that will allow you to ride the solar boom in a diversified fashion that avoids the problem of picking bad stocks since most of the TAN stocks will succeed.
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