To me, the stock market is now pricing in an Obama re-election. The Republican party has not put up a viable candidate yet. While Rick Perry is interesting, I don't think he has shown he can win.
So investors believe it's likely the economy will be essentially the same until 2016 since the Obama administration believes "no changes" are needed for their economic policy.
In addition, the situation in Europe feels a lot like 2008. I also expect Obama's jobs proposal to be too little, too late and too much government, i.e. a big disappointment to the market.
I guess it's time to start shorting again.
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2011 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
November Goals Update
2 weeks ago
No comments:
Post a Comment