CDC,
You have so many issues listed here. Which are rhetorical hyperbole and which do you really believe?
1) nationalizing healthcare; yep, I'm a bit concerned as well
2) instituting a cap and trade carbon tax; I don't care
3) blocking ALL domestic
oil development; I doubt he will do that, but I'd rather suck all the foreign
oil from South America and the Mideast and save our
oil until the rest of the world runs out. So I'm in no hurry to use up our oil.
4) allowing the Bush Tax cuts to sunset; Yep, I'm concerned as well. Either than or we go 20trillion in debt.
5) passing the Fairness Doctrine; I'm too ignorant to know what this is and too lazy to read up on it.
6) confiscating your 401(k); esplain please.
7) withdrawing unilaterally from Iraq; Why do you object to that? Oil or are you intersted in the welfare of Iraqi's?
8) cutting military spending 25%; It would be helpful to cut military but more importantly, cut down on entitlements (federal retirement packages, social security....) Take a look at what taxes go for. Military spending is paultry compared to entitlements.
9) junking our nascent missile defense;
10) giving amnesty to 20 million Mexicans; Hope not. Why didn't Bush make English the national language? Now we will be like Quebec. (will be? We are!)
11) doubling the capital gains tax rate; c'mon... really? 52%?
12) double digit unemployment; maybe, but the recession started in the existing administration.
13) The DOW going down to 3,000. Perhaps.
With regard as to where to invest, with the DOW down as far as it is, if you have several years to invest, now is the best time to get in; when it is down. It may go down more, so you don't put all-in, but a bit at a time. Just like real estate. Now is the time to buy. It's tanked. Get in now.
The dollar is shooting back up in strength against the Euro. The real estate market is close to or bottomed out. Gas is dropping like a lead balloon. Life is good. Time to invest, when it looks gloomiest. Buy at the bottom (now or near now) sell at the top (hopefully you did that in early 2008).
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