Dow Plunges

[Bayerithe]

I moved most of my portfolio from mid, small caps, and internationals to safer havens of large caps and bonds, because i knew stocks would take a dive because of fiscal cliff worries, because i knew the Eurozone rally would not sustain itself, and there would be people puckering up their sphincters if there was an Obama victory, as many investers were hoping for Romney to win.

I'm glad I was right. I'm riding out safer investments until after, maybe, late January or early February.

 

[MarylandHorn]

See under "Election"

This matches my take on the situation. Any sell-off was due to earlier 'bets' made on a Romney win that were taking their loses and a retreat of the increases seen in the prior days due to those same 'bets'.

The article also rejects the plausibility of a drop in the overall market due to Obama's re-election: "The idea that a broader flight from stocks was prompted by the re-election is far more popular than it is plausible." So, yes, my judgment meets others who watch the market more closely than I do, and evidently, those who chose to believe they were more savvy than I in watching the market..

 

[DFWAg]

You are speaking to a different topic than this thread addresses then.

 

[hornpharmd]

In reply to:

---

---

 

[UTChE96]

In reply to:

---

---

 

[Roger35]

CEO's contributed 4-1 for Romney. The positive is that they spent a bunch of money. A fool and his money are soon parted. When Obama calls these b@st@rds in to the WH tomorrow, he'll beat their heads in about getting on board with taxes and hiring Americans.

 

[hornpharmd]

In reply to:

---

---

 

[UTChE96]

Nah, just don't take you serious enough to continue the discussion.

 

[hornpharmd]

looks like Eurozone has announced it is back in recession. could that have anything to do with the pullback in the market? nah. it is obviously due to the response to Obama being reelected.

96 this would seem to be a 1 sided discussion. you have given zero facts to back up your initial assertion. if you are going to throw out insults you need to be able to back those up.

 

[DFWAg]

The U.S. GDP growth patterns are relatively uncorrelated with Eurozone GDP. Most market participants don't automatically assume EU weakness is some sort of hit to U.S. corporate profits. The EU has been floundering around in near or identified recession for years now while the U.S. has mounted a slight recovery and witnessed a significant rebound in market levels.