You’ve got to love the “Don’t Worry, Be Happy” crowd on Wall Street. Yesterday they said the stock market was going up on anticipation of a Republican win in Massachusetts. The Republican wins and guess what? Yep, down she goes. I can’t wait to hear the spin on this (trust me, they’ll spin it).
In all seriousness, think about what has taken place in just twelve months. This time last year, it seemed like the Messiah had arrived in Washington. The Democrats looked like they would have their way while the rest (me included) would have to somehow “get along” in this “new era” liberalism/socialism-like environment.
That all evaporated last night when in one of the most liberal/socialists-like states in the nation, they elected a fairly hard-right Republican. All I can say is, “THERE IS A GOD”!!!
This win alone has changed the political landscape and will have a definite impact on markets. I shall, of course, make my views known about it as we progress, but for now I’d like to do a quick update on the markets and some model portfolio and client stocks.
….read more HERE – Peter’s latest on the US Dollar, Precious Metals, Base Metals, Oil and Gas, US Bonds and his latest Model Portfolio Comments
On Major Moves, Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”. Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th, 2009. He also bought oil and oil related investments near the lows after the dive from $147.
….go to visit Peter’s Website.