Tuesday night, July 26. It looks as if the market could be in for some wild volatility

Tuesday night, July 26. It looks as if the market could be in for some wild volatility up and down as debt ceiling deadline approaches Aug. 2. What this kind of situation means to me is that when the market is up, it is likely to go down quickly and vice versa. For me, I am cashing out my equities. I have $15,500 so far, which for me is a lot. I am still playing: if market up, I am selling. I am looking at down 500 points, fluctuation in a range of 12,600 - 12,100. As it approaches 12,100 I intend to buy back in. I am taking the rather conservative position that I would like to make $1000. A market swing of 5% on $20,000 would give me $1000. I am happy with that. If I can actually pocket $1000, I would be delighted. Being self-employed has prompted me to try some plays, as opposed to what I did for so long, which is just buy and hold. But I also think the economy has changed, and buy and hold does not work anymore. I have equities that I have held for ten years that have done NOTHING. Plus I want to see what happens, becuz my action is based on my forecasts. I would just watch the Asia, Europe and futures markets and you can see which way the market is going to go when it opens, about 90% accuracy I think. The only thing that throws off this predictor indicator is breaking news. Barring that, we are just letting the analysts do their jobs and acting accordingly. I have a fidelity mutual fund that has been my best investment: FAGIX. It is a junk bond fund, but a very big one, about $12 billion, so I think it counteracts the junk aspect by its own diversification. But I can live off the interest I earn. I intend to buy more of it. Becuz 5% to me is better than nothing, plus 5% a year becomes 25% pretty fast.