There was no reason to hang on to stocks and mutual funds in your 401k..you always sell stock before a Presidential election in a Banana Republic. Now there is even more of a reason to sell your stocks outside your 401k since capital gains will be going up.
If Obama follows Krugmans advice stocks will go even lower.
Thank you for the sage words, I went on the sidelines back in September, I’m buying stuff on sale these days, but sadly despite my advice, many of my clients did not follow my example.