What will liberals do, if a good Democrat such as Obama presides over a market crash? After all, part of the mythology of Obama is that he “fixed” things after he inherited the worse economic crisis since the Depression.
The wizards of Wall Street won’t allow a market crash to happen with Obama at the helm, and that’s how I’ve been playing the market.
After every steep decline, the market roars back; so on those occasions I buy additional shares in a Dow or S&P index ETF. So far, so good.
Locked in a couple hundred shares of DDM late in the trading day today. If the pattern holds, tomorrow should be good as the central bankers don’t want to go into the week-end after a big market drop on Friday—People might stay at home instead of going out and spending money.