And also, there's this sage "businessman" that lives in D.C. in a big house on a main avenue. He's wisely and sagely stated that if he leaves that house the markets would take a dump, your 401K's would evaporate and there would be blood in the streets. And you know how much he knows. So there's also that. Did I mention socialism, which we know is a big concern. Look at McCarthyism and the benefits of that. Then there's Georgia and the Senate. Will there be another lame duck Presidency again ? Will competent cabinet members be approved by the Senate ? These factors will contribute to where we're not only headed as a nation, but where the markets are headed also. After all 50% of the population can't be wrong. Which 50% though ?
Incidentally, today I'm even up on my IRA dividend income account ( in spite of the fact that it's still heavily weighted in energy and REITs ) and about 6% over the March high on my main trading portfolio. Which, put another way is at least 200% over my original investment. So I'm less bullish and a lot less sanguine today than yesterday. Capital preservation is imperative. I'll be looking to sell speculative stocks while still holding core investments and looking for future core investments. That's just me.
Airlines come to mind for the time being as there may be a turnaround ( super spreader turnaround that is- Happy Thanksgiving ! )... LUV, JBLU for instance.
