Depends what shares, If i had shares in Coca Cola i wouldn't consider selling i would use any dip as a opportunity to buy them up. There are some company's that just never go away.
Yes it is a very good time, I am in the process of gettin rid of my PSLV (a lil extra cash for school can't hurt) and holding onto gold for the next decade or so (maybe more depending on how the economy is)
Don't Be Distracted by the Next Great Government Hoax By Dan Ferris, editor, Extreme Value Saturday, August 6, 2011 The Great Debt Ceiling Hoax of 2011 is over. It's a darn good thing. I was tired of hearing about it. As I told you last month, the whole thing was a dog and pony show. Politicians like Barack Obama and Tim Geithner were telling us that a failure to raise the debt ceiling by August 2 would result in catastrophe. What they weren't saying is the country would have come through just fine without a deal. (And that's why there was no doubt a deal would pass.) In short, the whole thing was a distraction for investors. I'm glad it's over. But there's a new distraction on the horizon. If you fell for the Debt Ceiling Hoax, make sure you don't fall for this one. All you need to do is tune out the noise and take a couple simple steps to protect yourself. Let me explain Smart investors know the U.S dollar is doomed, as all paper currencies are What everyone wants to know is when it will finally die. That's why everyone watched the debt ceiling debate so closely. But now that fiasco has passed. And a new fiasco has taken its place: the anticipated downgrade of U.S. Treasury debt by the major ratings agencies. This is less of a hoax than the debt ceiling countdown. The government really, truly does not deserve a triple-A credit rating. It deserves a lower rating. But it's still a phony issue. It's phony because everybody knows the U.S. government has way too much debt. The credit ratings agencies have no credibility after giving their highest ratings to the worst subprime mortgages. And they have nothing meaningful to add to the discussion (as usual). You see, the ratings agencies are always behind the curve. They don't downgrade any company or country until everybody already knows the company or country is in big, big trouble. For one of the most egregious examples back in 2001, the ratings agencies waited until six days before Enron declared bankruptcy to downgrade the company below investment grade. I promise you, Enron was junk long before that. The stock market sure knew it. Enron shares had already fallen from $90 in August 2000 to below $1 by November 28, 2001. Enron filed bankruptcy on December 2. In short, ratings agencies are like everyone else in the market their gaze is firmly fixed in the rearview mirror. Their ratings have no predictive value whatsoever. And it's a mistake to look at Moody's and Standard & Poor's as drivers of the world's view of U.S. Treasury debt. So what will drive the world's perception of Treasury debt? Not the debt ceiling deadline. Not the ratings agencies. Not anything in the control of the government. The precise manner of the end of the U.S. dollar will be decided in the only real protector and keeper of financial truth in the world: the market itself. One day and that day grows nearer and nearer the market will do what markets do when an entity goes bankrupt: stop lending it money. In the meantime, though, the ratings agencies are going to act like they've got a handle on things. They're going to going to tell you the U.S. has awful credit. We already know that. They're going to say we need to spend less and borrow less. We already know that. Anyone who knows fifth-grade math knows the numbers just don't add up. That's why I recommend you own plenty of gold and silver. Don't be distracted by this latest hoax. And don't wait for some ratings agency to tell you to protect yourself. Good investing, Dan Ferris
There are two other ratings agencies (Moody's and Fitch) still with a AAA grade for the US, therefore as they are allowed to use the highest rating available, in this case still AAA, they will not be obliged to sell anything.
