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The strike/lockout by the NFL or the NFLPA ended with a cavalcade of back slapping and praise from one party about the other. We saw Kevin Mawae extolling the virtues of Patriot owner Robert Kraft. This was an acrimonious negotiation that was labelled ”millionaire players and billionaire owners determining how to split trillions of dollars”.
There are some similarities between what went on there and the current stalemate in Washington.
Both sides NEED to compromise and work towards a solution and not one that involves their side winning or losing. The hyperbole and “class warfare” has a place in American politics unfortunately but it seems that we are faced daily with anti-Union commentary as well as anti-”jetsetter” commentary.
For investors, this is a time to realize that decisions made today may seem right in two days or two weeks but not two years from now. Make decisions to sell and/or buy incrementally. This might make you miss the grand “ALL IN” moment that the World Series of Poker has made famous but also save you from even harder decsions when all the dust has settled around the “debt ceiling issue”
Both of us are looking forward to seeing Washington politicos patting each other on the back (like the NFL constituency) soon for a job well done. We also believe that they will be alone in that back patting because more and more the American people is tired of the bickering and hypocrisy that is Washington.