Fri Nov 4, 2016, 07:24 PM
TheyLostTheirForums (3,028 posts)
6 replies, 225 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Will the moribund obama Dow perk up soon? (Original post)
|Pony Express||Nov 2016||#1|
Response to TheyLostTheirForums (Original post)
Fri Nov 4, 2016, 10:37 PM
fools_gold (5,731 posts)
5. I hope not
I just did some year end tax planning. I took some profits from a good gain in one of my steel company's stock, and liquidated a couple of small losers to offset the capital gains from the winners. So my discretionary (fun) portfolio is now sitting at 20% cash waiting to see what happens.
I figure when Trump wins on Tuesday I want the markets to take the big dive everyone is expecting if he wins. I'll dump my $50K into some good dividend aristocrats, like my GE and AT&T, and maybe buy back some of my favorite steel company (STLD). I fully expect the indexes to recover to current levels and above within a month, and if Trump wins to go much bigger in the next year.
If Hillary wins on this Tuesday the market is expected to uptick a bit. I'll still buy, but at a higher basis. I expect between the election Tuesday and the real election on December 19 there is going to be a lot of talk of "faithless electors" and lots of volatility in the market. Lots of opportunity to make some bucks.
In any case, it's going to be fun and interesting.