For me, I'm staying cash. This is too risky I don't know if it's going ot find support, not find support or continue it's downward path.
I thought that Obama was going to win and that the market priced in that he was going to win. I thought it would go down maybe 100 points today or so. Never thought this much and couldn't imagine it to keep going.
Right now I'm up 14% on my portfolio for the last month. Not amazing but I don't really want to start giving that back when theres so much uncertainty in the market.
I also don't like to hold ETF's overnight. One would say "Sure play the VXX" but if the market ends up finding support then that's not really the best play. Things can change over night.
I just hate sitting on the side lines lol.
What is your opinion about playing GOLD at this point? Say the ETF GLD?
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