Post-Election Retreat: Dow Plummets Below 13K for First Time in 2 Months

[saturneptune]

Let's be honest about this. All stock market sectors declined yesterday .........



The health care sector lost, but hospital stocks in that sector gained.



And high dividend stock, while they went down, fared well.



All the quotes came from: http://www.usatoday.com/story/money/markets/2012/11/07/obama-win-sectors-react/1688925/
By the way Rev. I would never go to Fox, MSNBC, NBC, ABC for accurate information on the stock market. That would be a route for disaster to your account.

CNBC does a good job. My 401K is based on five broad based funds, government treasuries, a fund that mirrors the S and P 500, a fund that mirrors small caps, a fund that mirrors the international stocks, and a broad based bond fund. Currently my allocation is 40, 21, 12, 7 and 20, based on the order above.

 

[billwald]

Two things to keep in mind. First, the majority of stock trades are computer generated and are NOT made by a real person changing his IRA account.

Second, the international value of the US dollar jumped. As bad as the US economy is, the rest of the major economies are worse.

 

[Andy T.]

Yes but your 'boom' (and it is all relative) has been in part financed by money the government doesn't have, and the day of reckoning is fast approaching...

Yes, and when Obama was reelected, the markets yesterday had a reality check that the economy will get worse and our deficit/debt will continue to grow under Obama's failed leadership.

By the way, the market is dropping today too.

 

[LadyEagle]

Yes, and when Obama was reelected, the markets yesterday had a reality check that the economy will get worse and our deficit/debt will continue to grow under Obama's failed leadership.

By the way, the market is dropping today too.

Agreed. And if Romney were elected, I truly believe the stock market would have broken all records. But he wasn't. America voted and this is what America wanted. So basically, all Americans lose, not just the stock market. :tear:

 

[saturneptune]

Yes, and when Obama was reelected, the markets yesterday had a reality check that the economy will get worse and our deficit/debt will continue to grow under Obama's failed leadership.

By the way, the market is dropping today too.

That is why you diversify. When equities go down, bonds will generally go up. Another thing one can do is buy into the VIX index as insurance.