You are so full of it. In the fall, prior to the election, when the stock market did rise, you said it was because the market was expecting a Romney win. I'm not going to look for those words of yours, but do recognize you did write it, and do recgonize, in the last 18 months or so that I've seen you posting, a drop in the DJIA is Obama's fault and a rise in the same DJIA is anything but Obama's doing, whereas anyone with a modicum of common sense knows that except in the long term, Obama or any other president has ZILCH to do with the daily DJIA.<quoted text>
Jacques, I have explained this several times but because you are a slow learner, I will explain it again.
Do you remember QEI? As soon as it kicked in, the stock market went UP! And when it ended, the stock market went DOWN!
So we had QEII and again the stock market went up and as soon as it ended, the stock market took a tumble. Now we are in QEIII and just a few months before the election and the stock market went up and was one of the reasons Obama won reelection. And soon QEIII will end and then what do you think will happen to the stock market?
My broker told me last September to get out of the stock market, and I did. He also told me to reduce my precious metals, and I did. He told me to get some more real estate, so I bought two houses and my daughter will manage them being rented out.
One I put $2,000 in repairs and it is rented. I have put $5,000 in repairs to the other and I expect to have it rented out soon.
Why don't you talk to your broker/financial manager and ask him what you should do!
Now, I am goin to have to explain this to you FOUR times?
As to your broker, he has proven, once more, that he is full of it, like you. DJIA was supposed to tank in Sept, it didn't. It was supposed to tank in January, it didn't. Had you made sensible investments during those months, your portfolio would've grown or at the very worse, stayed put.