11-05-2008, 03:54 PM
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CC Member
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Join Date: Jul 2008
Location: Phoenix,
AZ
Cobra Make, Engine: Sage Brush Roadsters body, Custom Chassis, SRT-4 Engine
Posts: 65
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Not Ranked
Quote:
Originally Posted by Wayne Maybury
It looks like the honeymoon is already over. Yesterday the Dow went up ~300 points in anticipation that Obama was going to win and turn everything around. Today the Dow fell by 486 points and the headline on Bloomberg.com was that the market is down because Obama will struggle to reverse the slowing economy. Are people nuts? Love him or hate, what the heck is he supposed to do in one day? Has all of the optimism already evaporated? This may be a very long 4 years for the new POTUS.
Wayne
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Who said the DOW went up yesterday in anticipation of Obama? At the point the DOW closed yesterday they weren't even making predictions. The DOW was probably up in the hopes that people would get some common sense and realize voting a marxist into power is a bad idea.
As for investments... Stay away from the dollar, it's destruction is imminent. U.S. Stocks - nope. What are the rules on US citizens owning stock in other coutries? Owning stock in Arabic companies might be safe (but then there's the risk of confiscation by the "host" country). Of course then there's always precious metals, not certificates mind you, but real in-your-hands gold/silver/platinum bullion.
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