If Obama is in the White House, there is absolutely no reason to enter back into this market until 2012.
Anyone would be foolish to do so IMO.
RE: “If Obama is in the White House, there is absolutely no reason to enter back into this market until 2012.
Anyone would be foolish to do so IMO.”
I totally agree — under normal circumstances like a major market correction and/or recession I might wait it out. But when I moved to total money market today after watching the slide the past few weeks and doing nothing, I took into consideration that it’s very likely it will take YEARS to recoup the current losses, thanks to Obama and cronies. This election and the economic situation around the world markets makes a big difference to me.
There may not be a United States left in 2012 if BO gets elected.