If Eurozone financial eruptions of the recent past are any guide, you might have a little flight to safety rally into which you can sell. It’s not necessarily going to be bad for US holdings in the very near term.
All that scared money has to land somewhere, and we’ve benefitted twice from just this effect since 2008. If it drives the dollar up as well, and it has in the recent past, there could be an opportunity to exit into another currency with a little cushion, too.
In times od Euro panic, we appear to suck less and therefore benefit, weird as it sounds.
Good. The buck is safe? I’ll take the deal on Au.
The 2013 Fiscal Cliff Could Crush Stocks
http://online.wsj.com/article/SB10001424052702304743704577381851218376744.html#articleTabs%3Darticle
When Bush left office the GDP to debt ratio was about 70%. After 3.5 years in office that American Mugabe who resides in the WH increased the GDP to debt ratio to over 100%.
Here are the stats.
http://www.usgovernmentspending.com/federal_debt_chart.html